The APPG on Challenger Banks and Building Societies is currently holding an inquiry into Post-Brexit regulatory reform.

We want to find out how financial regulations can be reformed in post-Brexit Britain to help the financial sector open up to more challenger banks and building societies.

On 13th April, we will be taking oral evidence from a selection of witnesses and Associate Members. Confirmed witnesses so far are:

  • Sam Woods, Deputy Governor for Prudential Regulation, Bank of England
  • Vicky Saporta, Executive Director Prudential Policy, Bank of England
  • Nick Lee, Head of Regulatory Affairs, OakNorth Bank
  • Philip Monk, CEO Aldermore Bank
  • Robin Fieth – Chief Executive, Building Societies Association

The session will address questions covering a range of issues including:

  • How has the regulatory landscape changed post-Brexit?
  • Is it in the UK’s interest to diverge from EU rules?
  • What would the benefits be of a more UK focussed regulatory regime particularly for businesses such as building societies focussed on UK members?
  • Are there changes to regulation which could foster greater competition?
  • Are there other regulatory systems which the UK should look to for fostering innovation in financial services?

The evidence session will be chaird by the APPG Chair, Rt. Hon Karen Bradley MP, and attended by a number of MPs and Peers from across the political spectrum.

The APPG is also currently accepting written submission to this inquiry. The deadline for those submissions is 5pm on 30th April 2021

If you are interested in submitting written evidence or would like to know anything more about this inquiry, please contact the APPG Secretariat at