1.1 This Prudential Regulation Authority (PRA) Feedback Statement (FS) provides a summary of the responses to Discussion Paper (DP) 1/21, which explored options for developing a 'strong and simple' prudential framework in the UK.
1.2 The aim of this statement is to stimulate further debate about the design of such a framework. This statement is relevant for PRA-regulated banks and building societies that are neither systemically important nor internationally active. This statement does not provide the PRA's views about the merits of the different comments in the responses. It does not include policy proposals, nor does it signal how the PRA is considering designing and implementing a strong and simple framework. This statement covers comments on policies that were discussed in DP1/21. Respondents' comments on other policies that are the responsibility of the PRA or the Bank of England are not covered in this statement [DP1/21 focused on how microprudential regulation could be simplifie
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