PRA needs staff, ‘mindset change’ to implement competitiveness objective
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PRA needs staff, ‘mindset change’ to implement competitiveness objective

PRA prudential reg.jpg

The Prudential Regulation Authority (PRA) has told MPs of a hiring spree at the watchdog as it gears up to implement a new competitiveness objective, emphasising the “mindset change” required to execute regulatory reforms.

If the UK government imposes the secondary competitiveness objective as expected, all PRA staff will need to understand that Parliament has changed what the regulator is meant to do and embrace it, according to Sam Woods, deputy governor for...

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