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Home > Prudential Regulation Authority > Internal governance - SS21/15 UPDATED

Internal governance - SS21/15 UPDATED

03 August 2015

18 May 2016 – Content on this page has been updated, see:

Internal governance - SS21/15 UPDATE

For information only, the first updated publication issued on 3 August 2015 is available below.

Update 3 August 2015: SS21/15 was updated to include a section on ‘Risk control and governance’ relating the expectations of the Chief Risk Officer and risk committee following CP17/15, ‘The PRA Rulebook: Part 3’. This update supplements the PRA’s expectations set out in the original statement, published on 2 April 2015.

This supervisory statement is relevant to banks, building societies and Prudential Regulation Authority (PRA) designated investment firms. It sets out the PRA’s expectations of how firms should comply with the rules in the General Organisational Requirements, Skills, Knowledge and Expertise, Compliance and Internal Audit, Risk Control, Outsourcing and Record Keeping Parts of the PRA Rulebook.