Prudential Regulation Authority publishes CP12/19 and CP13/19
7 June 2019
Strengthening individual accountability: Resolution assessments and reporting amendments - CP12/19
In this Consultation Paper (CP), the Prudential Regulation Authority (PRA) sets out its proposal to amend the prescribed responsibility (PR) for recovery plans and resolution packs that forms part of the Senior Managers and Certification Regime (SM&CR) for strengthening individual accountability. It also sets out consequential changes to Supervisory Statement (SS) 28/15 ‘Strengthening individual accountability in banking’ and the form ‘Senior Managers Regime: Statement of Responsibilities’ (‘SoR form’), together with other administrative changes to this form.
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