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On 29 April 2022, the UK Prudential Regulation Authority (PRA) published its first consultation (CP5/22) on a proposed simpler prudential regime for non-systemic UK banks and building societies, termed by the PRA as the “Strong and Simple Framework” (see also our post on its original announcement). The consultation follows a Discussion Paper (DP1/21) in April 2021 and a Feedback Statement (FS1/21) in December 2021 ...

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