Strong and simple
1.53 In Discussion Paper (DP) 1/21 - 'A strong and simple prudential framework for non-systemic banks and building societies', [Paragraphs 4.25-4.26 in DP1/21.] the PRA discussed the most appropriate approach to designing a simpler prudential regime for small banks and building societies. The majority of respondents preferred a streamlined approach to designing the prudential requirements under the simpler regime (ie using the existing prudential framework as a starting point and modifying elements that appear to be over complex for smaller firms) to a focused approach (ie adopting a narrower, but more conservatively calibrated set of new prudential requirements). [Chart 4 in PRA Feedback Statement 1/21 - Responses to DP1/21 'A strong and simple prudential framework for non-systemic banks and building societies', December 2021.] Some respondents to DP1/21 were concerned that a focused regime would create an additional barrier to growth, whereas it would be more straig
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