Andrew Bailey, designated Deputy CEO of the new Prudential Regulation Authority (PRA), emphasises that "It is a task that belongs to all of us...history now tells us - painfully - that on the way to higher standards there was a terrible lapse in which too many people in our industry forgot that preserving financial stability is the duty that we all owe to the public. The fact of the matter is that the public has every right to expect us to act in their interest."
Published on
21 September 2010
Press release