Competitiveness And Growth: Continuing The Conversation − Speech By Victoria Saporta, Bank Of England Executive Director, Prudential Policy, Given At The Conference On The Role Of Financial Regulation In International Competitiveness And Economic Growth Held At Bank Of England, Published On 19 September 2023

Date 19/09/2023

Vicky Saporta talks about how the PRA can advance its new competitiveness and growth objective.

Victoria Saporta

Executive Director, Prudential Policy

Speech

Introduction

I am very pleased to welcome you to today’s conference. We have a big group here in the room, but we also have an even bigger group joining virtually. Thank you all for joining.

As all of you will know, the Financial Services and Markets Act gives the Prudential Regulation Authority (PRA) a new secondary objective, to act, when it can, to facilitate the UK economy’s international competitiveness and its growth over the medium to long term, subject to alignment with international standards. The purpose of this conference is to continue the conversation on how we approach this new objective.

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