PRA publishes Joint Bank and PRA statement on the proposed use of temporary transitional powers at the end of the transition period

PRA publishes Joint Bank and PRA statement on the proposed use of temporary transitional powers at the end of the transition period 30 April 2020 This joint Bank and PRA statement relates to HM Treasury’s publication of their intention to ‘shift’ the temporary transitional power so it will be available for up to two years after the end of the transition period.