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We welcome the PRA's move. But we also argue for a reduction in frequency for the production and review of the recovery plan for those firms eligible for simplified obligations, and for clarity on what "the degree of detail and analysis in a recovery plan should reflect the complexity and size of the firms" means.
Click here for our high level response.
Andrea Jeffries
Policy Manager
Industry Responses
Bank of England Bill
Ensuring operational continuity in resolution - PRA DP 1/14