7.1 One respondent asked the PRA to do more in relation to firms that are over five years old as they grow and scale their businesses to compete with established banks effectively. Respondents suggested that not enough is being done by the PRA to remove barriers to scaling and growth, particularly in relation to capital, the proportionality of rules and requirements, and the PRAs supervisory approach for these banks.

7.2 The purpose of CP9/20 was to propose the PRA's approach to supervising new and growing non systemic firms, with a specific focus on those firms in the initial five years of operation. Therefore, the PRA has not amended the policy as proposed.

Responses not related to the CP

7.3 The PRA received several responses that did not relate directly to the draft policy under consultation and these are summarised below. The PRA has not provided feedback to these responses, but may consider the points raised in further policy development.