On 17 October 2024, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) published speeches on growth.
The PRA published a speech by Sam Woods (Deputy Governor for Prudential Regulation, Bank of England and Chief Executive Officer of the PRA) entitled Competing for growth. In his speech Mr Woods explains how the PRA is supporting the UK’s economic growth and international competitiveness, while maintaining financial stability.
The FCA published a speech by Nikhil Rathi (FCA Chief Executive) entitled Growth: mission possible. In his speech Mr Rathi discusses the FCA’s secondary growth objective and that the regulator is having a more candid conversation about its collective risk appetite. He also notes that the FCA is seeking answers about what more it can do to support capital formation, productivity gains and financial services exports.