Bank of England's Bailey: UK PRA and banks will be 'heavily engaged'

Mark Sands
22 Dec 2010

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Andrew Bailey, chief cashier at the Bank of England, shed light on the proposed regulatory regime in the UK, in particular the Prudential Regulatory Authority (PRA), during a speech at the Ninth Annual Corporate Accountability Conference, hosted by law firm Sandpiper Partners and PriceWaterhouseCoopers in London.

Bailey, who one speaker quipped was better known as "the man who signs the banknotes", is due to become the deputy chief executive of the PRA, second to chief executive Hector Sants

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