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David Rule, Executive Director, Insurance Supervision, Prudential Regulation Authority, Bank of England

David Rule was appointed Executive Director, Insurance Supervision on 1 July 2016.  In this role he is the most senior insurance supervisor in the UK, responsible for the prudential regulation and supervision of all insurance and reinsurance firms authorised in the UK. He also is a member of EIOPA’s Board of Supervisors.

Previously, David held the role of Executive Director, Prudential Policy at the PRA from June 2014 and before that was Director, International UK Banks at the FSA in September 2012, after moving to UK bank supervision in 2011. During this time he chaired the FSB Workstream on Securities Lending and Repos (WS5).

David joined the FSA in August 2009 as Head of the Macro Prudential Department. From 2006 to 2009, he was Chief Executive of the International Securities Lending Association, a trade body representing participants in the European securities financing market. From 1990 to 2006 David worked at the Bank in a number of roles, including market infrastructure, financial stability analysis and banking supervision. During this period at the Bank, from 2002 to 2006 David was Head of Sterling Markets Division at the Bank.

David has a degree in Modern History from Balliol College Oxford and further degrees in Political Science from the University of Toronto and Economics from Queens’ College Cambridge.