UK’s PRA ‘re-tooling’ for post-Brexit world – Woods
Chief executive says reform efforts complicated by hasty “on-shoring” of EU rules
The UK’s Prudential Regulation Authority is starting to implement changes to its operating model as it takes on powers previously held at the European Union level.
Sam Woods, PRA chief executive, said in a speech on September 22 there was an ongoing debate on how to divide responsibilities between parliament, government and regulators. “Parliament has already decided this for the latest round of Basel rules, and my colleague Vicky Saporta is leading our efforts to re-tool our policy-making
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