Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claim: BoE names new regulator

Andrew Bailey has been named as deputy governor for Bank of England (BoE) and head of its new division for regulating UK banks.

He is currently the head of the Financial Services Authority (FSA) but will become chief executive of its new Prudential Regulation Authority (PRA) at the start of April, after the FSA closes.

PRA has been set up in response to the fact that regulators failed to stop UK banks from falling into a financial crisis. Royal Bank of Scotland (RBS) and Lloyds had to be bailed out by UK government.

The new regulator will have more power within BoE and will be in charge of the Financial Policy Committee, which Mr Bailey is already the head of.

Mr Bailey’s next concern with the Financial Policy Committee is presenting a plan to see what is needed to make RBS and Lloyds independent of government. He will present this plan in March.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801545017-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide