PRA Requests Preliminary Ring-Fencing Plans And Consults On Implementing Rules

On October 6, 2014, the PRA launched a consultation on implementation proposals of the ring-fencing requirements relating to legal structure of banking groups, governance arrangements for ring-fenced bodies and the continuity of services and facilities to ring-fenced bodies. The PRA intends to consult further during 2015, including on issues such as intra-group arrangements and concessions, prudential requirements and standards as well as disclosure and reporting. Responses to the PRA...