Old Lady could lean in for post-Brexit regulatory KISS

Bank of England BoE adobe stock 230x150
By Frank Jackman
13 Nov 2020

KISS: the new acronym touted by Sam Woods, chief executive of the Prudential Regulation Authority, in a speech given at Mansion House on Thursday, proposes that regulatory requirements should “keep it strong and simple” after Brexit.

Leaving the European Union gives the UK the opportunity to refine regulation to best suit its banks, “with the rules made by regulators rather than set out in law", Woods said.

He was keen to stress that any changes would not weaken prudential regulation in the UK.

The ...

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