BoE’s Woods says PRA needs more rulemaking powers

Sam Woods
Sam Woods, chief executive of the Prudential Regulation Authority
Bank of England

The Bank of England’s Sam Woods has called for the Prudential Regulation Authority to be given stronger rulemaking powers now the UK has left the European Union.

Woods – the PRA’s chief executive – told the Association of British Insurers today (March 16): “We favour a shift towards more rulemaking by the regulator, and the enhanced accountability that needs to come with that.”

He acknowledged it might seem unsurprising that a regulator wants more regulatory powers, but he argued the EU’s

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:

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

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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: