Regulation

Top banking watchdog says idea regulators want to remove all risk is ‘nonsense’

The UK’s top banking regulator has said it is ‘easy’ to show the Bank of England is taking its competitiveness agenda seriously

Sam Woods has defended the Bank of England’s regulatory arm in the Mansion House speech
Sam Woods has defended the Bank of England’s regulatory arm in the Mansion House speech Photo: Hollie Adams/Getty Images

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The boss of the Prudential Regulation Authority has said the idea regulators want the City to take zero risk is “nonsense”, as the watchdog continues to push back against claims it is not doing enough to spur economic growth.

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