Both are being carried out as part of a broader statutory review by regulators to weed out outdated rules. (americanbanker.com)
We should not be afraid of shifting focus from drafting new rules to considering whether the same results can be achieved by removing outdated rules. (lawyer-monthly.com)
That's right: No more 19th century shoot - from - the - hip guesswork and actuarial mumbo - jumbo about 100 - year megafires, 100 - year megafloods, 100 - year droughts and all the other 100 - year weather disaster myths that are supposed to happen once a century, or any other outdated rules of thumb concocted so the insurance industry could appear like a reasonable capitalist business. (marketwatch.com)