PRA 'Broadly' Prepared For Brexit, Chief Exec Tells MPs

Law360, London (January 23, 2019, 8:22 PM GMT) -- The United Kingdom's Prudential Regulation Authority is “broadly on track” in its preparations for Brexit in 65 days, and around 80 foreign banks and insurers have applied to establish branches to preserve their operations in London, a senior official told lawmakers on Wednesday.

Sam Woods, the PRA’s chief executive officer, sought to reassure Parliament’s influential Treasury Committee that the regulator was set for Britain to leave the European Union on March 29.

“Broadly I think we are on track,” Woods said. “We’ve expected for about the last 12 months now that the firms we’d have applying for that, split across banks...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS