Speech
Opening remarks
Good morning, everyone, and thank you to TheCityUK and EY for hosting us today. I want to begin by telling you that I am particularly pleased to be giving this speech. As this is my last public speech as the Executive Director of Authorisations, Regulatory Technology, and International Supervision, I’m delighted to finish my tenure in that role by speaking to some of the work that I have been most proud of over the past few years. So, I’m going to cover how we have adapted to the tumult of recent years from an authorisation’s perspective. In that spirit I will touch on several areas relevant to that. These include our new secondary growth and competitiveness objective, our operational performance, and the
Senior Managers and Certification Regime (SMCR). I will also take this opportunity to set out our mindset for the future in a post-Brexit landscape.
The Prudential Regulation Authority’s (PRA) Authorisations functionfootnote [1] is really a gateway into the PRAfootnote [2] – one through which all firms pass, ranging from your local credit union to the largest banks and insurers:
- We are there at the outset when a new business is looking to take…
