Latest news and publications
24 October 2019: Sam Woods, Deputy Governor for Prudential Regulation, and CEO of the PRA, gave a speech ‘Credit union meets robot’ at Mansion House, London. Alongside the speech, we published CP28/19 ‘Credit unions: Review of the capital regime’, responses to which are requested by Friday 24 January 2020.
17 October 2019: We, HM Treasury, and the Financial Conduct Authority (FCA) published a Memorandum of Understanding (MoU) between HM Treasury, the Bank of England (Bank), Prudential Regulation Authority (PRA) and FCA. This sets out how the parties to the MoU expect to coordinate their respective functions in relation to equivalence and exemption determinations. These are new functions that will be transferred to UK authorities in the context of the UK’s withdrawal from the European Union and will come into effect from exit day.
This Memorandum of Understanding (MoU) is established in accordance with regulation 6 of the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019.
16 October 2019: The Bank of England and the Financial Conduct Authority published a joint report on ‘Machine learning in UK financial services’.