The Bank of England is experiencing its most important institutional and functional changes in a generation. An article in the Bank's Quarterly Bulletin summarises the changes including, from April 2013, the supervision of banks, insurers and major investment firms; the regulation of the financial system as a whole through the Financial Policy Committee; and the supervision of financial market infrastructure providers.
Changes to the Bank of England (80KB)
2013 Q1 Quarterly Bulletin article by Emma Murphy and Stephen Senior
Watch a short interview with Andrew Bailey on the PRA and the new approach to financial supervision:
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