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Sam Woods

Sam Woods

CEO of the Prudential Regulation Authority

Sep 17, 2026

28:24
Sam, did partisan politics come up in responses where perhaps a local resident blamed a specific leader or political party for not doing enough on a particular issue? How did politics weigh in here?
28:40
You know, not as much as you'd think.
28:43
I think, you know, that's part in the questions, you know, the questions we ask is more of like, help us set a scene, like what's going on here? How did we get here? And, you know, it would sometimes come up, but Particularly when we're talking about, you know, an issue like data centers where just opposition kind of cuts across party lines didn't come up at all comes up.
29:05
But, you know, your topics more of like education funding came up a little bit more because those kind of perspectives tend to kind of reflect partisan divides.
29:14
But overall, less less than you'd think.
29:17
I think what we found in talking to people across the state, in about seven counties across the state, seven swing districts across the state, is that people notice that there's, again, whether it's data centers, education, ag policy, there are problems to be solved, and they just want solutions.
29:38
And they're here to talk about solutions, and they're not necessarily here to talk party politics.
29:44
Did they come armed with some solutions to these issues or did you hear like just sets of sets of problems and they want elected leaders or their local commissions to respond to them?
45:37
That's great.
45:37
Yeah, I would start by saying for our seminary, the particular track we were on did not touch on counseling per se.
45:44
It was a master's of applied biblical leadership.
45:48
So it was more so church governance.
45:50
And the first year was all theology from Genesis to Revelation, all that.
45:54
The second year was spiritual formation and leadership type stuff.
45:58
So we didn't really get into the counseling space, although I know they have particular tracks that deal with that.

8 MINS LATER

AngieGUEST
54:26
Yeah.
1:23
Yeah.
1:24
For sure.
1:25
Yeah, fortunate enough.
1:26
So I used to have a marketing agency where we primarily worked with conversion rate optimization and got conversion rates up and all that goes with it, so traffic and conversions and economics.
1:39
And we were working with that.
1:40
So I started that business in 2012.
1:43
And by 2016, we had started working with machine learning, which is kind of what the larger scope that AI exists within is machine learning.

12 MINS LATER

13:26
What would your process be? What would you look for?
9:58
What happens in this situation if they suddenly have a lot more money in their account?
10:03
Yes, and if you're fortunate enough to have more than £120,000 in your account, then you won't be covered by the normal scheme.
10:12
If, however, that amount has arisen for a particular reason, such as selling a house, then we do have a temporary higher balance amount, which at the moment is £1.4 million.
10:24
And that is particularly to accommodate things like a house sale or a house purchase.
10:29
We don't want people to worry that they're immediately at risk if they do such a transaction.
10:36
But it is important to remember that that temporary higher balance is temporary.
10:41
You've got to make sure that you spread your funds around and get back under the limit.
11:24
Because I think a lot of people listening won't actually understand, firstly, that the PRA is part of the Bank of England, but also how the FSCS fits into that.
JamillaHOST
0:05
Is your money actually safe? To discuss this with us, I am joined by Sam Woods.
0:11
You want to be confident that the banks you put your money in are safe and sound.
JamillaHOST
0:16
It's quite hard now sometimes to identify if a bank is authorised or not because there are a lot of apps and brands that maybe look like a bank but
0:24
aren't.
0:24
We keep a watchful eye over the banks and the insurance companies to make sure that they're run in a safe and sound way.
0:30
A

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