UK restructure could create scary superpower

UK restructure could create scary superpower

painted-pound

LONDON –  The proposed restructure of financial regulators in the UK could result in unchecked power for the resulting Prudential Regulatory Authority (PRA), warns one consultant. Speaking to Operational Risk & Regulation, Susan Puddephatt, a consultant at Bovill, expressed concerns that the plans in their current form could result in the PRA possessing rulemaking abilities with no obligation to consult the financial services industry.

The current UK regulator, the Financial Services Authority (

To continue reading...

You must be signed in to use this feature.

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 indvidual account here: