PRA is consulting on expectations on non-systemic banks and building societies in terms of preparing for, and if necessary being able to execute, an orderly exit. It plans to:
- require firms to prepare for a solvent exit as part of BAU, and document their preparations;
- new expectations on planning and monitoring if a solvent exist becomes a reasonable prospect; and
- consequential changes to its supervisory statement.
Consultation closes on 27 October.