BoE Says UK Should Not Be 'Rule-Taker' After Brexit

Law360, London (May 16, 2019, 8:07 PM BST) -- The U.K.'s banking supervisor warned Thursday against Britain becoming a "rule-taker" after Brexit, stressing it was important for the country to shape its own rules for the financial services sector.

Sam Woods, the chief executive of the Prudential Regulation Authority, said at a conference in Switzerland that while "there was no reason to be alarmed" if the U.K sticks to its current system of mirroring the European Union's rulebook, it would not be ideal.

Woods, who leads the Bank of England's regulatory arm, told the audience at the UBS Financial Institutions Conference in Lausanne this could be "undesirable if it came...

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