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BoE’s David Bailey discusses supervision of the mutual sector

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Published on: 04 May 2023
Published by LNB News

LNB News 04/05/2023

Document Information

Issue Date: 04 May 2023

Published Date: 04 May 2023

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

Article summary

The Bank of England (BoE) has published a speech by its executive director for UK deposit takers supervision, David Bailey, on the challenges and opportunities ahead for the mutual sector. Bailey outlines why credit risk is a key priority in the BoE’s supervision of the sector in 2023, and what steps it expects regulated firms to be taking in proactively managing credit risk within their portfolios.

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

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