Ensuring operational continuity in resolution - PRA DP 1/14

The Building Societies Association (BSA) welcomes the opportunity to respond, briefly, to DP 1/14. Our comments mainly address the DP’s Question 1, on scope, and are provided from the perspective of BSA members, who will generally be external users of critical shared payments services provided by banks that are to be ring-fenced (RFBs). The BSA is happy to engage in further discussion on the potential impact of the DP, and facilitate contact with relevant practitioners among its membership.

Read our full response here

Read the original DP here

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• Prudential