In our response to CP4/23 on Liquidity and Disclosure requirements for Simpler-regime firms UK Finance has welcomed the PRA’s proposals to remove the Net Stable Funding Ratio requirement where firms have relatively greater funding stability as their retail deposit ratio (RDR) is at least 50%. But we noted that regulators may wish to consider learnings arising from the failure of Silicon Valley Bank in the US, particularly in relation to the eligibility of SME current account to be considered as retail deposits under the new RDR definition.