PRESS RELEASE : Three members reappointed to the Prudential Regulation Committee [January 2024]
The press release issued by HM Treasury on 11 January 2024.
The three external members have been reappointed by the Economic Secretary to the Treasury.
John Taylor, Antony Jenkins, and Tanya Castell have been reappointed by the government as external members of the Prudential Regulation Committee (PRC).
John Taylor will serve a further three-year term, from 14 January 2024 to 13 January 2027. Antony Jenkins will also serve a further three-year term, from 5 April 2024 to 4 April 2027. Tanya Castell will serve a further three-year term from 1 September 2024 to 31 August 2027.
The Economic Secretary to the Treasury, Bim Afolami, said:
“I am pleased to reappoint John Taylor, Antony Jenkins, and Tanya Castell to the Prudential Regulation Committee. They have all made important contributions during their initial terms on the Committee and their reappointments will ensure the PRC continues to benefit from their industry experience and expertise.”
Further information
John Taylor currently serves as a non-executive director on the boards of the International Centre for Mathematical Sciences, the Royal Conservatoire of Scotland and the Medical, Dental Defence Union of Scotland and a member of Scottish Taskforce for Green and Sustainable Financial Services. He is a former chair of the Scottish Financial Risk Academy and a former president of the Institute and Faculty of Actuaries.
Antony Jenkins is the founder, chair and CEO of 10x Future Technologies Group, a company that aims to redefine how banks operate and engage with customers. He is chair of Redpin, the first non-bank foreign exchange payments specialists in the UK and member of the Advisory Board of Palamon Capital Partners. Previously, Antony held board leadership positions at Barclays Plc (2009 – 2015) including chief executive officer from 2012-2015.
Tanya Castell is an independent non-executive director on the Board of Border to Coast Pensions Partnership, which is an asset management company set up to pool the assets of the 11 local authority pension funds that own it. Tanya is also a member of the Financial Conduct Authority’s Regulatory Decisions Committee, a trustee on the board of the Royal National Institute for Blind where she chairs the Audit, Risk and Assurance Committee and the founder (and former CEO) of the charity Changing the Chemistry. Its aim is to improve diversity of thought on boards.
About the Prudential Regulation Committee
The Prudential Regulation Authority (PRA) supervises banks, insurers and major investment firms.
The PRA’s most important decisions are taken by the Prudential Regulation Committee, chaired by the Governor of the Bank of England. Five members are Bank staff, including the governor and four deputy governors. The Prudential Regulation Committee has a majority of external members, including the chief executive of the Financial Conduct Authority and six others selected for their experience and expertise in financial services.
