The BSA (principally on behalf of its six large credit union members) broadly welcomes and supports the review of the credit union capital regime proposed by the PRA in CP 28/19. We particularly welcome the immediate effect on our members of the graduated approach; the delinking of capital requirements from both membership numbers and “additional activities”; and the tougher approach to weaker small credit unions with capital below 5%. We have a few other detailed comments, and we also commend the PRA for having undertaken proper cost benefit analysis in CP 28/19. Read our full response here.
 No.1 CopperPot ; Glasgow ; Scotwest ; Capital ; London Mutual ; Leeds City