UK Finance is pleased to respond to the Bank of England’s consultation on its approach to resolution statements of policy and onshored Binding Technical Standards1, whilst taking into consideration the separate PRA/Bank of England CP 26/18 on the UK withdrawal from the EU: Changes to the PRA Rulebook and onshored Binding Technical Standards.

We and our members fully support the Government’s and the regulators’ objectives of ensuring the UK has a fully functioning regulatory framework for financial services in place once the UK leaves the EU – indeed, all the more so if no implementation period is agreed with the EU. Our members are committed to ensuring that, in spite of Brexit, the UK’s financial services sector remains robust, transparent and internationally competitive.

Attachments
UK Finance response to the Bank of England’s consultation on its approach to resolution statements of policy and onshored Binding Technical Standards