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Government outlines Bank of England intentions

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The coalition government has introduced a bill to increase the power of the Bank of England as part of the Queen’s Speech.

The Financial Reform Bill, outlined as a key policy on the state opening of parliament, will give the Bank control of macro-prudential regulation and oversight of micro-prudential regulation.

The

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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