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PRA publishes policy statement and updated supervisory statement on recovery plans

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Published on: 07 December 2020

Published by LNB News

LNB News 07/12/2020

Document Information

Issue Date: 07 December 2020

Published Date: 07 December 2020

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

Article summary

The Prudential Regulation Authority (PRA) has published policy statement PS25/20, which sets out feedback to consultation paper CP10/20, ‘Simplified obligations for recovery planning’. It also contains the PRA’s updated supervisory statement SS9/17, ‘Recovery planning’ (appendix 1), which will simplify and reduce certain firms’ obligations under the Bank Recovery and Resolution Directive 2014/59/EU (BRRD) (Simplified obligations).

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