21st March 2014

BBA response to Prudential Regulation Authority CP2/14: The PRA Rulebook

Here is the BBA’s response to the PRA’s consultation on changes to its Handbook. Most significantly the CP proposes replacing the existing six Principles for Businesses (PRIN) with nine Fundamental Rules (FR). The BBA response highlights the importance of aligning these with the emerging senior manages regime and encourages the PRA and FCA to ensure absolute alignment of their rules.

Please read the full response via the link below.