PRA publishes feedback on recovery planning consultation

The PRA has published a Policy Statement providing feedback to responses to the PRA’s consultation on simplified recovery planning, as well as the PRA’s final policy decision.

The respondents were supportive of the proposal to introduce Simplified Obligations but noted that the PRA’s proposals would not result in substantial cost savings. The PRA recognises that the cost savings arising from the proposals may be limited.

The changes outlined in the Policy Statement are effective from 7 December 2020.

Lucy Hadrill