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ARTICLE · 02 JANUARY 2014

A Resolution Of Sorts | PRA Final Rules On RRPs Published

Deloitte
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The Prudential Regulation Authority’s (PRAs) long-awaited final rules on recovery and resolution planning finally arrived yesterday among the flurry of pre-Christmas publications by regulators.

United KingdomFinance and Banking
David Strachan
David Strachan
John Andrews
John Andrews
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The Prudential Regulation Authority's (PRAs) long-awaited final rules on recovery and resolution planning finally arrived yesterday among the flurry of pre-Christmas publications by regulators. 

Three documents were published: 

Although these are referred to as 'final' rules, the PRA is clear that there will be more to come from them on RRPs, with these documents intended to provide an update on "current expectations". Thinking has come a long way since the publication of FS 12/1 in May 2012 and CP 11/16 in August 2011 as experience of resolution planning has grown, with understanding refined and a greater focus on defining resolution strategies and the operationalisation of resolution. 

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