It does point to issues that we need to look at in the design of these things, because it comes back to my fundamental point about holding illiquid assets in open end funds that revalue and are required to be revalued, my own feeling is... that we will need to come back and look at those.

Andrew Bailey

Categorized in : Company News

Firms should be able to take their own decisions on where they locate, subject to appropriate regulatory arrangements being in place which preserve the public interest, authorities should not dictate the location of firms.

It needs to be a sensible period. by Andrew Bailey

It needs to be a sensible period.

It does not require a location policy. by Andrew Bailey

It does not require a location policy.

I do not accept that. by Andrew Bailey

I do not accept that.

It would not be the best outcome to adopt a special treatment for the oversight of outsourced service provision arrangements involving the UK and EU when there are already arrangements in place which can form the basis of an equivalence arrangement.

It works well today. There is no reason to disrupt that model. by Andrew Bailey

It works well today. There is no reason to disrupt that model.

I don't want to be in a situation where we become a pure rule tak... by Andrew Bailey

I don't want to be in a situation where we become a pure rule taker.

We are really worried about the future here. We have rights, we have a great celebration here and we have the apparent solidarity of this government. We need to have the EU support as well.

Pillar II capital requirements play an important role in ensuring firms have adequate capital and are a valuable tool for implementing the PRA's forward-looking judgement based supervisory approach.

Non-executive directors are also key in financial institutions: they must scrutinise effectively the way the senior management team runs the business.

We are walking this very narrow path now.

I am probably sounding quite angry now, and I am.

She even at one point in the report suggested that maybe it was a mistake to do the programmes of change, which I just fundamentally disagree with.

She sort of suggested to you that if only we had told the staff to pull their socks up, the problem would have gone away, she even at one point in the report suggested that maybe it was a mistake to do the programmes of change, which I just fundamentally disagree with.

Such disruption to the economy should have lower impact on the core banking system than the recent stress tests run by the Bank of England have shown the system can withstand, those stress tests demonstrated that banks would be able to continue to lend to households and businesses even while absorbing the effects of substantial and a prolonged economic downturns, in both the UK and the global economies, as well as falls in asset prices much larger than experienced in recent weeks.