PRA

The PRA (Prudential Regulator) sent a "Dear CEO" letter to all international banks active in the UK, detailing its priorities (and therefore areas of particular attention for the banks) for 2022. It issued a similar letter to Insurance companies. The main preoccupations for the PRA as far as banks are concerned: 1. Financial resilience - [...]

The proposal introduced by the consultation paper would apply the group provisions in the Operational Resilience part of the PRA Rulebook relevant to Capital Requirements Regulation (CRR) firms to Holding Companies.   PRA Consultation link: https://www.bankofengland.co.uk/prudential-regulation/publication/2021/november/operational-resilience-operational-continuity-in-resolution-amendments