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

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: http://subscriptions.risk.net/subscribe

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: