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UK Finance has responded to the PRA’s CP 16/23 on its proposals to update the UK Technical Standards (UKTS) on the identification of global systemically important institutions (G-SIIs).
Whilst we agreed that the regulator’s proposals did the job of faithfully implementing in UK standards the recent changes agreed by the Basel Committee on Banking Supervision, we said that a more fundamental review of its now 12-year-old G-SII assessment framework by the BCBS is warranted and encouraged the PRA to promote this.
PDF: 307 KB
31.08.23
01.09.23
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