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Published by Global Banking & Finance Review®
Posted on February 27, 2026
2 min read
Last updated: February 27, 2026
Quick Summary
Table of Contents
The UK has appointed Barclays executive Katharine Braddick as the Bank of England’s next deputy governor for prudential regulation and CEO of the Prudential Regulation Authority (PRA), starting July 1, 2026, for a five-year term. She will replace Sam Woods, who has held the role since 2016, as the g
LONDON, Feb 27 (Reuters) – Britain’s government on Friday appointed Katharine Braddick as the next deputy governor for prudential regulation at the Bank of England and chief executive of the central bank’s Prudential Regulation Authority.
Appointment and mandate
Government statement
“Katharine Braddick is an accomplished pro-business leader with the experience to keep our financial system safe while backing the investment and lending that drives growth,” finance minister Rachel Reeves said in a statement.
“She understands the City and regulation, and will help ensure the UK remains one of the best places in the world to do business.”
Role and responsibilities
Braddick, who has worked in private sector banking and senior regulatory roles, will lead the PRA’s work to supervise and regulate banks, building societies, insurers and major investment firms.
Term and start date
She will take up the post on July 1 from Sam Woods, and will serve a five-year term.
Regulatory expectations
“This appointment underlines the government’s expectation that the UK’s regulators are robust on resilience and ambitious on growth — acting on the Chancellor’s recommendations in her remit letter to regulate in a way that supports investment, lending and innovation while maintaining high standards,” the government said in the statement.
Career background
Previous roles
Braddick has worked for Barclays since 2022, and previously been at the Treasury, the UK Financial Services Authority, and the Association of British Insurers.
(Reporting by William James; editing by David Milliken)
