On July 30, 2024, the Prudential Regulation Authority (PRA) published a consultation paper (CP11/24) (CP) on proposed updates to its supervisory statement on international banks and its approach to branch and subsidiary supervision (SS5/21). The PRA’s proposals are intended to reflect developments since SS5/21 was originally published and to provide further
PRA consults on updates to its approach to International Banks
Clarification on specific aspects of the PRA’s existing approach to risk management and remote booking.