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UK prudential watchdog issues plan to boost Britain’s growth

( April 10, 2025, 11:13 GMT | Official Statement) -- MLex Summary: UK financial services providers have received the Prudential Regulation Authority's 2025/26 business plan, highlighting what policies will contribute to boost the country's growth. PRA chief Sam Woods said the watchdog has “already completed some significant work on competitiveness and growth” and will continue to do so. Pro-growth measures include simplifying capital requirements for small banks and changes to the remuneration requirements for bankers. “This work is taking place alongside continuing efforts to deliver our primary objectives of safety and soundness and protecting policyholders,” Woods said.Report is attached....

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