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PRA annual assessment of credit union sector—letters to Category 5 credit unions with findings of 2020 assessment

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Published on: 10 September 2020

Published by LNB News

LNB News 10/09/2020

Document Information

Issue Date: 10 September 2020

Published Date: 10 September 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Prudential Regulation Authority (PRA) has published letters it has emailed to the boards of directors of Category 5 credit unions with the findings of its 2020 annual assessment. Credit unions (CUs) received one of two letters, depending on which peer group they fell into. The PRA carries out individual assessments for those Category 5 plus credit unions, but also an annual assessment of all Category 5 credit unions as part of their larger peer group.

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