Bank of England appoints Prudential Regulation Authority board members

  • Iain Cornish, formerly Chief Executive of the Yorkshire Building Society.
  • Rosalind Gilmore, a former Chairman of the Building Societies Commission and of the Lloyd’s of London regulatory board.
  • Charles Randell, at present a Partner at Slaughter and May.
Under the Financial Services Act 2012 the Prudential Regulation Authority will take over responsibility for the regulation, for purposes of safety and soundness, of banks, insurance companies, certain investment banks, credit unions and friendly societies. This will come into effect as of 1 April. The authority will have around 1,200 staff.