Nat will present remarks discussing the PRA’s 2023 supervisory priorities for international banks and the risks that face the sector. This follows the priorities letter published in January by Nat, and Rebecca Jackson (Director of Authorisations, Regulatory Technology, and International Supervision, PRA).

The letter outlines the PRA’s intended approach and view of the risk landscape across key supervisory topics including: 

  • Financial resilience

  • Operational resilience and risk

  • Data (including the Banking Data Review)

  • Diversity, equity, and inclusion (DEI).

The speech will be followed by a Q&A session with Nat, hosted by Conor Lawlor, Managing Director, Capital Markets & Wholesale Policy at UK Finance. 

Agenda
 

13:30 – Registration

14:00 –  Speech by Nathanaël Benjamin followed by Q&A

15:00 –  Guests depart

Top Speaker

Nathanaël Benjamin

Nathanaël Benjamin

Executive Director for Authorisations, Regulatory Technology, and International Supervision, Bank of England

Nathanaël (Nat) Benjamin became our Executive Director for Authorisations, Regulatory Technology, and International Supervision in October 2021. He is...

Nathanaël (Nat) Benjamin became our Executive Director for Authorisations, Regulatory Technology, and International Supervision in October 2021. He is responsible for:

  • the authorisation of regulatory transactions, where firms apply either to carry out PRA-regulated activities or to change the activities they undertake
  • RegTech: the use of technology, data and innovation in support of regulatory processes, and 
  • the supervision, as a host prudential regulator, of the UK activities of banks, custodians and designated investment firms headquartered in over 50 overseas jurisdictions.

Previously, Nat was our interim Chief Financial Officer (CFO), acting as the Executive Director in charge of the Finance & Performance directorate.

Nat originally joined the UK’s Financial Services Authority (FSA) in 2004, where he held a range of risk specialist roles: supervising how firms measure credit, market, insurance, and counterparty risks.  During this time he also participated in policy developments under the Basel Committee and the European banking and insurance authorities. He became closely involved in the management of the global financial crisis, first in the UK and then at the Federal Reserve Bank of New York, where he was seconded from 2008 to 2010. After returning from secondment, he became head of the PRA division responsible for equipping the Bank of England with the capability to run concurrent public stress tests of major banks. In 2015, he was appointed to head the newly-created financial risk oversight function for the Bank of England's own balance sheet. 

Nat graduated from the École Centrale de Paris and has a doctorate in applied probability from Oxford University.

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Conor Lawlor

Conor Lawlor

Managing Director, Capital Markets, UK Finance

Conor leads the Capital Markets and Wholesale team as well as the delivery of Brexit related work-streams for UK Finance and its members. Prior to jo...

Conor leads the Capital Markets and Wholesale team as well as the delivery of Brexit related work-streams for UK Finance and its members.

Prior to joining UK Finance Conor worked in a range of UK government departments including HM Treasury where he worked on financial crisis intervention schemes and was a member of the Government Economic Service. Most recently, Conor spent a number of years at UK Financial Investments, the arm's-length government body responsible for managing the UK government's shareholdings and loans in financial assets, where he was responsible for work on Northern Rock and Bradford & Bingley.

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