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Core UK financial stability rules won't be scrapped for growth, watchdog says

By Sofia Gerace ( April 29, 2025, 12:00 GMT | Insight) -- UK financial stability rules are not at risk from the government's economic growth agenda, according to Sam Woods, chief of the Bank of England's Prudential Regulation Authority. Woods told lawmakers today that while it's reasonable to reassess regulations, the government is not pushing for the removal of rules deemed crucial for stability.UK financial watchdogs haven't been asked to reform rules deemed crucial for financial stability as part of the government's economic growth push, the head of the Bank of England's supervisory arm has said....

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