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BoE’s Sam Woods provides Treasury Committee with follow up details on change in control of firms and on Greensill

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Published on: 15 July 2021

Published by LNB News

LNB News 15/07/2021

Document Information

Issue Date: 15 July 2021

Published Date: 15 July 2021

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

Article summary

The Bank of England (BoE) deputy governor for prudential regulation, Sam Woods, has written to the Treasury Committee following up on evidence given at a hearing on 23 June 2021. Woods clarified details on the conditions for assessing a proposed change in control of a regulated firm, and possible enhancements to the conditions for assessing a proposed change in control under the Financial Services and Markets Act (FSMA).

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