Who's Katharine Braddick? The Barclays government set to steer UK banking regulator

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Your assist makes all of the distinction. Learn extra A senior government from Barclays is ready to take the helm of the UK’s banking watchdog, a transfer broadly anticipated to sign the federal government's push to cut back regulatory burdens throughout the monetary sector.

Katharine Braddick will succeed Sam Woods because the chief government of the Prudential Regulation Authority (PRA) and deputy governor for prudential regulation on the Financial institution of England, with Mr Woods departing on the shut of June.

Ms Braddick presently serves as group head of strategic coverage at Barclays and beforehand held the place of director of economic providers on the Treasury.

The appointment comes amid a backdrop of calls from the Chancellor to ease the regulatory burden on the UK’s monetary sector.

Rachel Reeves mentioned on Friday that the brand new watchdog boss might be anticipated to maintain “requirements excessive whereas driving a aggressive, growth-focused method to regulation”.

The Chancellor added: “Katharine Braddick is an completed pro-business chief with the expertise to maintain our monetary system secure whereas backing the funding and lending that drives development.

“She understands the Metropolis and regulation, and can assist make sure the UK stays top-of-the-line locations on this planet to do enterprise.”

Ms Braddick was additionally beforehand head of banking on the Monetary Providers Authority, together with throughout the 2008 monetary disaster, till the organisation was damaged up.

<img src="https://static.independent.co.uk/2026/02/27/14/9f3069aa17d89faeebd2d5409b3f4d99Y29udGVudHNlYXJjaGFwaSwxNzcyMjg2ODI5-2.70231265.jpg" srcset="https://static.independent.co.uk/2026/02/27/14/9f3069aa17d89faeebd2d5409b3f4d99Y29udGVudHNlYXJjaGFwaSwxNzcyMjg2ODI5-2.70231265.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2026/02/27/14/9f3069aa17d89faeebd2d5409b3f4d99Y29udGVudHNlYXJjaGFwaSwxNzcyMjg2ODI5-2.70231265.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Sam Woods is the current chief executive of the Prudential Regulation Authority." class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Sam Woods is the present chief government of the Prudential Regulation Authority. (PA Archive) The King and the Chancellor collectively confirmed her proposed appointment on Friday.

She is going to take the position from July 1 for a five-year time period.

Andrew Bailey, governor of the Financial institution of England, mentioned: “I'm very completely happy to welcome Katharine Braddick again to the Financial institution as deputy governor for prudential regulation.

“Katharine has huge expertise each in the private and non-private sectors, and I'm assured that she is going to lead the PRA with nice ambition and ability, sustaining sturdy regulatory foundations to underpin a rising monetary sector and a thriving economic system.