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Bank of England Deputy Governors to face Lords EU Committee questions

The Deputy Governors of the Bank of England responsible for financial stability and regulation will be giving evidence to the House of Lords EU Financial Affairs Sub-Committee on Wednesday 1 November 2017.

They will be giving evidence to the Committee's inquiry into financial regulation and supervision following Brexit.

At 10.15am the Committee will hear from:

  • Sir Jon Cunliffe, Deputy Governor, Financial Stability, Bank of England
  • Sam Woods, Deputy Governor for Prudential Regulation, Bank of England and Chief Executive Officer, Prudential Regulation Authority.

Questions the Committee is likely to ask include:

  • What would a transition period need to encompass?
  • How can the continuity of cross-border and other contracts post-Brexit be ensured?
  • What is the value of mutual market access from a regulatory perspective?
  • What concerns does the Bank have about granting future access to EEA-domiciled industry post-Brexit, for example banks currently passporting into the UK?
  • Is fragmentation of financial markets detrimental from a supervisory perspective?
  • What is the Bank's stance on Central Counterparty (CCP) supervision and the potential enacting of a location policy?

The evidence session will take place at 10.15am on Wednesday 1 November 2017 in Committee Room 4A of the House of Lords.

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