Credit union meets robot - speech by Sam Woods

Given at Mansion House, London
Published on 24 October 2019

Sam Woods looks at the barriers to growth for small banks and credit unions. He says these barriers can be a result of complex regulatory rules and ‘cliff-edge’ thresholds. And he explains what the Prudential Regulation Authority is doing about them.

During his speech, Sam launches a consultation on capital requirements for credit unions. He says the PRA would like to simplify capital requirements and remove threshold cliff-edges. The aim of these changes is to improve the financial resilience of smaller credit unions, which are more likely to fail. 

PDFCredit union meets robot

PDFPress release