Overview

• Applications could open as soon as next week, with a multi-month recruitment process to replace Sam Woods.
• Barclays executive Katharine Braddick, formerly a senior Treasury official, is expected to apply and is seen by insiders as a strong contender.
• A small internal slate remains, including David Bailey, the Bank of England’s executive director for prudential policy.
• The PRA chief executive also serves as a Bank of England deputy governor and sits on the FCA board, underscoring the role’s influence.
• A Treasury spokesperson said growth is the Chancellor’s top mission, reflecting recent regulatory rollbacks and the timing before the autumn Budget.