FIN.

Andrew Bailey writes to Chancellor on prudential regulation

PRA has published Andrew Bailey’s response to the Chancellor on Treasury’s recommendations on the PRA’s remit. He notes PRA’s work to ensure the Brexit transition period ended without any material disruption to financial services, and the prudential reforms PRA (and FCA) have since undertaken.  He also comments on PRA’s actions in pursuit of its secondary competition objective, such as its review of the credit union regime and its tailored approach to new and fast growing non-systemic banks and building societies.

Emma Radmore