Climbing Mountains Safely - Speech By Sarah Breeden, Bank Of England Executive Director, UK Deposit Takers Supervision: Building On Remarks Given At The PRA Annual Conference For Chairs Of The Non-Systemic UK Banks And Building Societies On 6 July 2020
Sarah Breeden discusses a proposed new guide for banks – a guide that is designed to help new and growing banks scale the mountain from initial authorisation to becoming an established player in the banking market. She says this will make it easier for banks to plan a safe route up the mountain, and she explores the ways in which that route can be made smoother. As firms plot their path out of the Covid stress, Sarah explains the Prudential Regulation Authority must do its best to support competition, and ensure there are safe ways down the mountain should that be needed.
Find out more about the consultation and draft Supervisory Statement.
