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UK Finance has responded to the PRA's consultation paper on its Operational Continuity in Resolution requirements. We note the significant interdependency with other elements of the PRA's regime including Operational Resilience and encourage the alignment of the two implementation timelines as well as the definitions used, via a common taxonomy. We are supportive too of an internationally coordinated approach to the resolution of cross-border banking groups to optimise both our members? and supervisors resources by driving out duplicative approaches wherever possible, based on trusted home/host supervisory engagement.
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