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UK financial sector shielded from impact of Russia sanctions, says BOE’s Woods

By Fiona Maxwell ( March 8, 2022, 13:48 GMT | Insight) -- The UK's financial services industry has avoided any collateral damage from sanctions placed on Russia in the wake of its invasion of Ukraine, PRA chief executive Sam Woods said today. He also defended the regulator's ability to handle insurance supervision issues following criticism that it has acted slowly.The impact on the UK financial services sector from the multitude of sanctions placed on Russia is limited, Bank of England Deputy Governor Sam Woods said today....

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