The Treasury is getting ready to kick off a seek for a brand new boss of Britain’s prudential monetary watchdog – one of many world’s key banking regulatory jobs.
A recruitment course of is just not anticipated to formally get underneath manner till after the summer season.
It’s probably to attract curiosity from senior regulatory figures from around the globe, Metropolis sources mentioned on Thursday.
Mr Woods has served two phrases within the submit, and can step down on the finish of his second time period subsequent June.
A revered determine, he’s seen as a believable candidate to succeed Andrew Bailey as governor of the Financial institution of England in 2028.
Previous to his present PRA position, Mr Woods served as its government director of insurance coverage.
As CEO of the PRA, Mr Woods can also be a deputy governor of the Financial institution of England, a member of the Financial institution’s Courtroom of Administrators, and a director of the FCA.
The Treasury declined to remark.
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