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BoE’s David Bailey discusses PRA approach to supervising international banks

Published on: 12 January 2021
Published by LNB News

LNB News 12/01/2021

Document Information

Issue Date: 12 January 2021

Published Date: 12 January 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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.

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