Bank of England (BoE) deputy governor for prudential regulation and Prudential Regulation Authority (PRA) chief executive Sam Woods (pictured), who has held the posts since the middle of 2016, has been reappointed by Her Majesty the Queen for a second term.
“Very pleased” to announce the reappointment was Chancellor of the Exchequer Rishi Sunak, who noted: “Sam continues to bring a vast amount of knowledge, skill, and experience. He has played a vital role in the response to the challenges posed during COVID-19 and will continue to do so.”
The new five-year term will see Woods at the helm of the PRA until June 30, 2026.
“I am delighted that Sam will serve a second term as deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority,” said BoE governor Andrew Bailey.
“Sam has done an excellent job, and his reappointment is important at a time when we are responding to the challenges of COVID and embarking on a significant period of regulatory reform. I very much look forward to continuing to work with him.”
