Sam Woods - Bank of England

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Last quote by Sam Woods

If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in. Firms would start discounting the likelihood of a transition in the central case of their planning.feedback
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Oct 16 2017 Brexit
Sam Woods has been quoted 23 times. The one recent article where Sam Woods has been quoted is EU transition deal is needed quickly to stop City firms leaving UK, says Bank official. Most recently, Sam Woods was quoted as having said, “The EU's position on transition is not yet clear – despite some obvious risks to EU financial stability in its absence. If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in. Firms would start discounting the likelihood of a transition in the central case of their planning.”.
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Sam Woods quotes

Jul 10 2017

Squeezed margins at building societies are exacerbated when pitted against the mutual pricing strategy many have adopted to protect members in an era of low rates – and so, building societies seek to source new lending that earns higher than average rates. This combination of circumstances is what led a number of societies to broaden their lending appetites in the mid-2000s.feedback

Apr 07 2017

Our current assessment is that the level of planning is uneven across firms and plans may not be being sufficiently tested against the most adverse potential outcomes - for example, if there is no withdrawal or trade agreement in place when the UK exits from the EU.feedback

Apr 07 2017

Our current assessment is that the level of planning is uneven across firms and plans may not be being sufficiently tested against the most adverse potential outcomes – for example, if there is no withdrawal or trade agreement in place when the UK exits from the EU.feedback

Apr 07 2017 - Brexit

The UK Government has made it clear that it is aiming for a comprehensive new trade relationship with the EU, coupled with an implementation period. But given that a wide range of outcomes is possible at this early stage, we expect firms to plan for a variety of potential scenarios.feedback

Feb 09 2017 - Japan

We expect all firms to be open and straightforward in their dealings with the PRA. Where firms fall short of this expectation, we will enforce it.feedback

Dec 15 2016

I am not pessimistic. I am just making the point that an outcome that we were somehow cut off in the financial services arena in the ability to access that market in a thorough way, I think would be bad.feedback

Dec 14 2016

I am expecting this number to increase. It was not just a one-off hump.feedback

Dec 14 2016

We need robust capital requirements for all banks.feedback

Dec 14 2016

If other countries choose to go backwards, that is not what we are going to do.feedback

Oct 26 2016

This is now a first-order issue for us at the PRA and (BoE's) Financial Policy Committee.feedback

Oct 26 2016

So it is full steam ahead. In other words, no bonfire.feedback

Jul 19 2016

While I think it's important, it wouldn't place too much weight personally on the fine specificities of MiFID II or indeed any other one piece of the passporting regime.feedback

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