UK Finance response to CP 9-24

UK Finance has responded to the PRA’s consultation removing the refined approach to setting Pillar 2 capital.

We strongly oppose the PRA’s proposal as it will increase the gap between firms using the Internal Ratings Based approach to setting credit risk capital compared to those using the Standardised Approach (SA) , to the detriment of SA firms competitiveness

Area of expertise:
Prudential risk, reporting and tax
UK Finance response to CP 9-24

12.12.24

Consultation Responses

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