On 6 June 2024, the Prudential Regulation Authority (PRA) updated its webpage on waivers and modifications of rules to set out information on a modification by consent of rule 4.1 of the Resolution Assessment Part of the PRA Rulebook to delay the deadline for the UK Resolvability Assessment Framework disclosure requirements. Read below to know further on these deadlines.
The Resolvability Assessment Framework (RAF) sets out how the Bank of England (BoE), as the UK’s resolution authority, assesses UK financial firms’ resolvability and introduces a public disclosure regime.
On 6 June 2024, the PRA updated its webpage on waivers and modifications of rules to set out information on a modification by consent of rule 4.1 of the Resolution Assessment Part of the PRA Rulebook.
The PRA explains that in light of the upcoming general election the BoE and PRA have chosen to delay publication of the second RAF assessment of the major UK banks to early August 2024. Publication of the BoE's asses
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