BOE Regulator Says Freedom From EU Could Improve Bank Oversight
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Leaving the European Union could help Britain ward off emerging threats to the financial system, according to the top U.K. bank regulator at the Bank of England.
A “British-style” of oversight with less detailed rules written in legislation and more flexibility granted to regulators would help authorities respond to threats, said Sam Woods, deputy governor of the BOE and chief executive of the Prudential Regulation Authority. He spoke in a Bloomberg TV interview with Anna Edwards.