PRA move could free smaller firms from outdated limits
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PRA move could free smaller firms from outdated limits

FinTech GlobalRead original ↗

The Prudential Regulation Authority (PRA), the UK body responsible for supervising banks, insurers and credit unions, has put forward plans to tie 128 regulatory thresholds to nominal Gross Domestic Product (GDP), so they rise automatically instead of through occasional manual…

PRA move could free smaller firms from outdated limits