The Challenges And Opportunities Ahead For The Mutual Sector − Speech By David Bailey, Bank Of England Executive Director, UK Deposit Takers Supervision, Given At The Building Societies Association Conference

David Bailey

Executive Director, UK Deposit Takers Supervision

David Bailey outlines why credit risk is a key priority in our supervision of UK deposit takers in 2023; and what steps we expect regulated firms to be taking in proactively managing credit risk within their portfolios.

His remarks also cover two important areas of policy development: Basel 3.1 and the PRA’s Strong and Simple prudential framework for domestically focused non-systemic firms.