UK Finance has responded to the PRA’s recent consultation on recovery planning . We supported the recognition that a proportionate approach for smaller banks is appropriate  but asked for clarity on how ‘recovery capacity’ should be calculated and questioned whether the requirements duplicated exiting ICAAP and ILAAP processes. Whilst supporting ‘play books’ and ‘fire drills’ we did not support the inclusion of the results of fire drills in recovery plans –  rather they should be used to inform their improvement.

Please read the full response via the link below.

UK Finance response to PRA’s CP9/17 on Recovery Planning
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