Sam Woods: Geofinance

Speech by Mr Sam Woods, Deputy Governor for Prudential Regulation of the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA), at the Mansion House City Banquet, London, 4 October 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Lord Mayor, Ladies and Gentlemen

The Prudential Regulation Authority had a bracing return from the summer break. There was no time for supervisors to compare sun-tans, which was just as well given the deathly pallor I acquired from a summer spent in London and Ireland.  The only person with an even worse sun-tan than mine was a colleague who, in what I'm assured was not a political statement, took his summer holiday in Brussels. In fact, I was so desperate to boost my Vitamin D levels in September that (like a few others in this room) I headed south to Frankfurt, where I regret to inform you all that it was very sunny indeed.  Yes, even the weather - a traditional safe harbour topic for financial regulators - seems to have acquired a Brexit-y tinge this autumn.