Article summary
The Bank of England (BoE) has published a speech by its executive director for international banks supervision, David Bailey, on ‘Responsible openness: The PRA’s approach to supervising banks’. In the speech, which follows the publication of the Prudential Regulation Authority (PRA)’s consultation paper CP2/21 on the topic, Bailey says that international banks operating in the UK will need to meet high standards and be capable of being effectively supervised.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial