In a recent interview with The Times, Sam Woods, CEO of the UK Prudential Regulation Authority (PRA), explained why the PRA is learning to embrace risk in its pursuit of economic growth.
A keen windsurfer, Woods took up wing foiling at 50, braving storms despite warnings of insanity. This appetite for risk in his personal life aligns with Chancellor Rachel Reeves' push for regulatory reform to boost economic growth. "We are very clearly at a turning point," Woods said. "We're significantly pruning the trees but we're not going to set fire to the forest."
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