All Bank of England articles
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NewsClimate change to become a ‘persistent drag’ on profitability
Re/insurers are likely to be able to bear the costs of the transition to net zero - Bank of England
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NewsBoE launches climate stress test for banks, insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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NewsBank of England to step up drive to encourage new insurers
Brexit has given Britain a “unique” opportunity to refashion its globally important insurance sector to attract more new entrants without undermining high regulatory standards, the Bank of England said on Tuesday.
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NewsReuters: Brexit won’t mean lower capital buffers for insurers, says Bank of England
A review of the UK’s insurance capital rules will not lead to any “radical departure” or a reduction in requirements, but it will take time to complete, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain’s exit from the European Union has prompted the government to review ...
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NewsBank of England rules out big capital reduction for insurers after Brexit
The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be “part of the answer” to meeting a 1.7 billion pound bill for COVID-19 claims.
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NewsBank of England told to stop buying ‘high carbon’ bonds
A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming.
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NewsPolice discover first cannabis farm in London financial district
The City of London Police said 826 cannabis plants were found in a building near the Bank of England.
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NewsEU may ask too high a price for financial services trade, Bank of England warns
Bailey said between 5,000 and 7,000 financial services jobs had already left Britain for the EU - fewer than some forecasters had feared, though the process was not over.
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NewsBank of England warns insurers risk unexpected COVID losses
Insurers in Britain risk being optimistic in estimating losses from COVID-19 related claims and should stress test their underlying assumptions, the Bank of England said on Friday.