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UK regulator confirms 15% budget increase but plans to cut costs in future
"In the weeds" approach could damage London market, says John Nelson
Will build from last year's record level, says Hymans Robertson
Industry and supervisors on task force fail to agree
Was due to become chief executive of PRA
US equivalence talks critical, according to Skinner
"The old American system gave us AIG", says Barnier spokesperson
He's also concerned insurers may become risky "shadow banks"
UK prime minister says the legislation is "ill thought-out"
Insiders say Berlin is trying to sneak through "early extrapolation" (of the future risk-free rate), which suits its insurance sector, and stifle other nations' support for matching premiums and counter-cyclical premiums. Feelings are running high ahead of the ECON vote on the directive, as Sarfraz Thind reports