PRA's implementation of CRD V

BSA broadly supports PRA proposals but challenges PRA to be more ambitious in cutting compliance burdens

In broad terms we support the PRA’s proposals, though we challenge PRA to go further, whether now or subsequently, on both proportionality and de-duplication of reporting, and to be more ambitious. We are happy to accept these proposals as a first instalment on both counts.

We also agree that the PRA should not implement those parts of CRD V that do not require compliance until after the end of the Brexit transitional period.

Read the full response here.