Experts Welcome Plans To Revamp UK Risk Regulations

THE Bank of England will soon be stripped of its regulatory powers and charged with focusing on the financial stability of the UK economy as a whole.

Details of the changes haven't yet been finalized, but risk management experts have already voiced their hopes that the new system will harmonize regulations across different sectors and result in clearer guidelines for measuring risk.

However, others are concerned that the changes will create a "Frankenstein's monster" bureaucracy that will be

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