Recommendation 10

After taking into account his oral and written evidence, we are satisfied that Antony Jenkins has the appropriate professional competence and personal independence to undertake the role of external member of the Prudential Regulation Committee. We wish him every success. 2 “Financial Interests […] Holding a financial interest in a PRA-authorised person, including an interest which arises under deferred compensation arrangements with such a firm, may disqualify an individual from becoming a member of the Committee unless it is not substantial in terms of the individual’s wealth at the time of appointment or is externally managed as part of a discretionary portfolio. Existing direct holdings in PRA- authorised persons (provided they have been considered at the time of appointment not to substantially affect the functions as Committee Member that it would be proper for the person to discharge) may be retained but should not be actively managed thereafter other than to sell them, with the Bank’s consent in accordance with the Bank’s personal financial transactions policy.” Prudential Regulation Committee Conflicts of Interest Code of Practice, approved by Court 12.02.19, 2.1(c), page 3 3 Bank of England and HM Treasury, Candidate brief for the appointment of External Members to the Prudential Regulation Committee Bank of England, February 2020, page 4 6 The appointment of Antony Jenkins to the Prudential Regulation Committee