At the Mansion House City Banquet this evening, Deputy Governor for Prudential Regulation Sam Woods will explore the impact of geography on the shape of banks, insurers and financial regulation – “a dynamic we might call geofinance”. With the revolution in regulation following the financial crisis coming to its end, and with changes to the geopolitical landscape looming large, Sam predicts that geofinance will be “the defining challenge of the next few years”. Alongside the speech, the PRA have announced a new approach to ensure that UK banking groups are “at least as strong as their parts”.
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Press release
