Liz Truss departs 10 Downing Street (Stefan Rousseau/PA)
(Picture: PA Wire)The chairman of Lloyd’s of London has criticised a plan floated by Liz Truss to combine City watchdogs the PRA and FCA as a “distraction”.
Lloyd’s chairman Bruce Carnegie-Brown told the Standard: “There have been some quite strong statements… about remerging the PRA and FCA. I think that’s a very complex thing to do and would be quite a distraction, so I would not favour that happening.”
