PRA publishes consultation paper CP12/19 on strengthening individual accountability

Regulatory Updates | 07/06/19

The Prudential Regulation Authority (PRA) has published consultation paper CP12/19, which seeks feedback on proposed amendments to the prescribed responsibility for recovery plans and resolution packs that form part of the Senior Managers and Certification Regime. It also informs on changes consequent to supervisory statement SS28/15, ‘Strengthening individual accountability in banking’, and the Statement of Responsibilities form. Comments by 7 August 2019.