‘PRA robot’ highlights rise in regulatory complexity

Sam Woods
Sam Woods
Bank of England

A ‘robot’ designed by staff at the UK’s Prudential Regulation Authority has shed light on rising complexity in the post-crisis rulebook, which could prompt a rethink by regulators.

On October 24, PRA chief Sam Woods acknowledged that the work did appear to have highlighted some problems. Complexity is a particular issue for small firms, and could be hampering competition in the UK financial sector, he said.

“We do want to look harder at the competition aspect,” Woods told a gathering of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: