Update on 11 December 2017: Supervisory Statement 18/13 has been superseded by Supervisory Statement 9/17.
Supervisory Statement 9/17
Update 16 January 2015
A core aspect of the Prudential Regulation Authority’s (PRA) approach is that it will ensure preparedness for recovery of a failing firm.
The supervisory statement sets out the PRA’s expectations for firms’ recovery plans.
The supervisory statement is relevant to holding companies, mixed financial holding companies, mixed activity financial holding companies, banks, building societies, and PRA-designated investment firms.
The supervisory statement takes effect from 19 January 2015.
Published on 19 December 2013
The Recovery planning supervisory statement sets out our expectations for firms’ recovery plans.