UK Finance has responded to the PRA’s consultation on proposed changes to its large exposures framework.

We supported the proposal to exempt internal MREL exposures from LE limits, but expressed concern that expectations in relation to ‘practical and legal impediments to the transfer of funds or the repayment of liabilities’  was super-equivalent to CRR Art 113 (6) and that this should be rectified by copying across the CRR text to the Supervisory Statement.

Please read the full response via the link below.

Attachments
UK Finance response to CP 20/17 Changes to the PRA’s large exposures framework
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