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Story perspectives

Chancellor Prioritizes External Candidates for Financial Regulator Leadership

10/4/2025

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Story summary
  • Chancellor Rachel Reeves prioritizes external candidates for the Prudential Regulation Authority leadership.
  • Katharine Braddick, currently at Barclays, is a leading candidate with Brexit and public-private experience.
  • The Treasury plans to start recruitment soon to secure a leader reshaping financial supervision.
  • Regulatory changes remove diversity and inclusion requirements, aligning with a growth-focused model and the Autumn Budget.