Sam Woods, deputy governor for prudential regulation and CEO of the Prudential Regulation Authority (PRA) at the Bank of England, has warned the financial system faces a number of risks from a 'cliff-edge' Brexit.
According to the Financial Times, in a letter to the Treasury Select Committee, the deputy governor said a review of the worst-case scenario contingency plans by banks and insurance companies had highlighted...
To aid regulatory reporting
Has run Cautious Managed fund since 2011
Expected in next few weeks