In her speech, Vicky Saporta explains why the Prudential Regulation Authority (PRA) has to be robust but flexible when responding to the future challenges.
Technology is transforming the financial system she says. And UK regulators must have the powers and tools to respond flexibly to the opportunities and risks it brings.
Vicky also outlines the PRA’s approach to liquidity policy now the international banking reforms are in place. She set out three priority issues for implementation: cashflow mismatch risk, the Net Stable Funding Ratio (NSFR) and asset encumbrance.
Bank regulation: on the benefits of flexibility 