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PRA writes to directors with feedback from annual assessment of credit union sector

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Published on: 18 October 2021
Published by LNB News

LNB News 18/10/2021

Document Information

Issue Date: 18 October 2021

Published Date: 18 October 2021

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

Article summary

The Prudential Regulation Authority (PRA) has sent letters to directors of credit unions that it regulates, providing feedback from its annual assessment of credit unions. Issues covered include the coronavirus (COVID-19) pandemic, single customer view (SCV), credit risk, bad debt provisioning, governance, and operational risk and resilience.

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

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