UK Finance responds to the Prudential Regulation Authority’s approach to policy (DP4/22)

We support the various measures stemming from the future regulatory framework (FRF) review that the Financial Services and Markets (FSM) Bill implements.

We welcome the PRA’s approach to its new responsibilities under the Bill, and its commitment to taking full advantage of the opportunities that the reforms will enable, including fresh consideration of the relationship between the regulator and the firms it regulates. Taken together, we believe these will create the conditions for the continued success of a strong, diverse and vibrant banking and finance sector which provides world class services in the UK and overseas.