1.10 The PRA received formal written responses to the CP from 126 respondents. In addition, the PRA received responses through various other channels including holding over 70 meetings with stakeholders to discuss their views.

1.11 Respondents generally supported the PRA's proposals to implement the Basel 3.1 standards covered in this near-final PS. In some areas, respondents sought additional guidance and clarification on certain proposals, or provided observations related to the interaction of the proposals with the PRA's objectives and the matters to which it must have regard when making policy and rules ('have regards'). In addition, respondents requested adjustments to specific proposals in favour of treatments that they considered would be more flexible or proportionate, less operationally burdensome, or which would reduce the capital impact on firms. The substantive issues raised are addressed in detail in the relevant chapters of this near-final PS.