{"id":92907,"date":"2018-06-18T11:44:00","date_gmt":"2018-06-18T11:44:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=0dc62bc51121f9c6593fdcabd43ed900"},"modified":"2018-06-18T11:44:00","modified_gmt":"2018-06-18T11:44:00","slug":"news-story-professor-julia-black-and-jill-may-appointed-to-the-prc","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=92907","title":{"rendered":"News story: Professor Julia Black and Jill May appointed to the PRC"},"content":{"rendered":"
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One of the UK\u2019s leading academics in regulation and a senior investment banker have been appointed by the Chancellor, Philip Hammond, today as the new external members of the Prudential Regulation Committee (PRC<\/abbr>).<\/p>\n

Professor Julia Black is one of the country\u2019s leading academics in regulation law based at the London School of Economics. Jill May is an experienced investment banker, having spent 24 years at S.G.Warburg & Co. Ltd and UBS. They will both serve three year terms on the Committee, which makes the most important decisions of the Prudential Regulation Authority (PRA), one of the UK\u2019s financial regulators.<\/p>\n

The Chancellor also announced today the reappointment of Norval Bryson to the PRC<\/abbr> for a further three-year term.<\/p>\n

The Chancellor of the Exchequer, Philip Hammond said:<\/p>\n

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Julia\u2019s extensive knowledge of financial regulation and Jill\u2019s impressive career will be valuable assets to the vital work of the Committee.<\/p>\n

I would like to thank Charles Randell and David Thorburn for their significant contributions to the PRC<\/abbr> over their terms, and I want to wish them all the best for the future.<\/p>\n<\/blockquote>\n

The Governor of the Bank of England, Mark Carney said:<\/p>\n

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I am delighted to welcome Julia Black and Jill May to the Prudential Regulation Committee. Julia is already contributing to improve how markets operate, having joined the SONIA oversight committee. Her deep knowledge of financial markets regulation will now be a valuable addition to the PRC<\/abbr>. Jill\u2019s extensive expertise in banking and fund management, and experience with issues around competition in markets, will also strengthen the expertise of the PRC<\/abbr> in these areas. I look forward to working with them.<\/p>\n<\/blockquote>\n

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I am also glad that Norval Bryson has agreed to serve a further term on the PRC<\/abbr>. His knowledge of the insurance industry has been immensely valuable to the Committee.<\/p>\n<\/blockquote>\n

Professor Julia Black said:<\/p>\n

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I am honoured to have been appointed as an external member of the PRC<\/abbr>. I look forward to working with the rest of the Committee and the executive team and to contributing to the essential role the Bank has supervising UK banks and insurance companies and protecting policy holders.<\/p>\n<\/blockquote>\n

Jill May said:<\/p>\n

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It is a privilege to be joining the PRC<\/abbr> and I am excited have the opportunity to bring my investment banking and competition regulation experience to the Committee. I look forward to contributing to its varied and vital work.<\/p>\n<\/blockquote>\n

Further Information<\/h3>\n