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PRA consults on updates to its approach to International Banks

A detail view of Italian international banking group UniCredit's headquarters, located in the Porta Nuova district.
Photo: Emanuele Cremaschi/Getty Images

Tom Callaby | CMS, Ash Saluja | CMS, Susann Altkemper | CMS, Cassandra Heugh | CMS+2

5 min read
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Clarification on specific aspects of the PRA’s existing approach to risk management and remote booking.

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

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