PRA set to delay capital shock for UK banks after no-deal Brexit

Jasper Cox

January 30, 2019 02:45 pm

samwoods_PA_230x150 — Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority Sam Woods speaks during the Bank of England's financial stability report at the Bank of England in the City of London. | Jonathan Brady/PA Archive/PA Images

Sam Woods, chief executive of the UK’s Prudential Regulation Authority, has said that banks and insurers should lose preferred capital treatment for EU exposures in the event of a no-deal Brexit. But in that situation the regulator would not be likely to force the change on firms straight away.

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Regulation FIG People and Markets Europe EMEA FIG People and Markets

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Jasper Cox