LONDON, Feb 20 (Reuters) - The Bank of England said on Monday that Britain's insurers will know before year-end what a long-trailed reform of their capital rules will look like, and the Bank would not seek to use new powers to water down the changes government has called for.
Firms will have a "very good sense well before the end of 2023 of how we expect the new regime to operate, so that they can begin to adapt their investment plans as soon as they wish", BoE Deputy Governor Sam Woods told the Association of British Insurers' annual dinner. (Reporting by Huw Jones Editing by Mark Heinrich)