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Solis Minerals to Highlight Copper and Lithium Exploration at RIU Sydney Conference

Solis Minerals to Highlight Copper and Lithium Exploration at RIU Sydney Conference

Solis Minerals to Highlight Copper and Lithium Exploration at RIU Sydney Conference
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Burgundy Diamond Mines Faces Cash Outflows, Secures New Debt Funding

Burgundy Diamond Mines Faces Cash Outflows, Secures New Debt Funding

Burgundy Diamond Mines Faces Cash Outflows, Secures New Debt Funding
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Sumitomo Corp to Exit Ambatovy Nickel Project in Madagascar, Incurring Significant Loss

Sumitomo Corp to Exit Ambatovy Nickel Project in Madagascar, Incurring Significant Loss

Sumitomo Corp to Exit Ambatovy Nickel Project in Madagascar, Incurring Significant Loss
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Cerro de Pasco Resources Upgrades to OTCQX Best Market, Expands U.S. Investor Access

Cerro de Pasco Resources Upgrades to OTCQX Best Market, Expands U.S. Investor Access

Cerro de Pasco Resources Upgrades to OTCQX Best Market, Expands U.S. Investor Access
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RIU Sydney Resources Round-Up Highlights Industry Expertise for Successful Event

RIU Sydney Resources Round-Up Highlights Industry Expertise for Successful Event

RIU Sydney Resources Round-Up Highlights Industry Expertise for Successful Event
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Pacgold Highlights Transition to Gold Producer at RIU Sydney Conference

Pacgold Highlights Transition to Gold Producer at RIU Sydney Conference

Pacgold Highlights Transition to Gold Producer at RIU Sydney Conference
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Kalamazoo Resources Appoints BurnVoir Corporate Finance to Advance Ashburton Gold Project

Kalamazoo Resources Appoints BurnVoir Corporate Finance to Advance Ashburton Gold Project

Kalamazoo Resources Appoints BurnVoir Corporate Finance to Advance Ashburton Gold Project
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Pacgold Highlights Transition to Gold Production at RIU Sydney Conference

Pacgold Highlights Transition to Gold Production at RIU Sydney Conference

Pacgold Highlights Transition to Gold Production at RIU Sydney Conference
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Solis Minerals Expands Exploration with Brazil Lithium Project Acquisition

Solis Minerals Expands Exploration with Brazil Lithium Project Acquisition

Solis Minerals Expands Exploration with Brazil Lithium Project Acquisition
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Toubani Resources Maintains Operations Amid Mali Unrest, Ensures Project Continuity

Toubani Resources Maintains Operations Amid Mali Unrest, Ensures Project Continuity

Toubani Resources Maintains Operations Amid Mali Unrest, Ensures Project Continuity
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Bank of England to Tighten Capital Requirements for Offshore Life Insurance Trades

Bank of England to Tighten Capital Requirements for Offshore Life Insurance Trades

The Bank of England's Prudential Regulation Authority (PRA) has announced plans to increase capital requirements for British life insurers engaging in funded reinsurance with offshore entities. This move aims to address the growing risks associated with the increasing involvement of private equity in the reinsurance sector. Currently, life insurers are required to hold 2% to 4% capital against these transactions, but this will rise to 10%. The PRA's decision is part of a broader effort to mitigate risks posed by the rapid growth of funded reinsurance, which is expected to reach £100 billion in exposure over the next decade.
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Bank of England to Tighten Capital Rules on Offshore Life Insurance Trades

Bank of England to Tighten Capital Rules on Offshore Life Insurance Trades

The Bank of England's Prudential Regulation Authority (PRA) plans to increase capital requirements for British life insurers engaging in funded reinsurance with offshore entities. The capital requirement will rise to about 10% from the current 2% to 4%. This move addresses risks from the growing involvement of private equity in offshore reinsurance. The PRA estimates UK firms' exposure at around £40 billion, expected to grow significantly. The regulator aims to correct imbalances in the current system, which it believes underestimates risks and favors funded reinsurance structures.