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Updates to the PRA’s approach of responsible openness to international banks
Summary by Retail Banker International
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Bank of England’s PRA raises deposit thresholds for international banks
The Prudential Regulation Authority (PRA), part of the Bank of England, has announced updates to its regulatory framework for international banks operating in the UK. These changes clarify the PRA’s expectations regarding the operations of branches, booking models, and liquidity reporting for these institutions. In a move to adapt to inflationary pressures, the PRA has raised the existing £100m ($133.7m) and £500m ($668.5m) thresholds for Financ…
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