Published on 5 September 2014
Supervising international banks: the PRA’s approach to branch supervision - PS8/14
This policy statement publishes the final statement of policy and rule on the Prudential Regulation Authority’s (PRA) approach to the supervision of branches. In particular, this policy statement publishes the final rule to implement the PRA’s approach.
The PRA’s public consultation on this statement closed on 27 May 2014. The feedback received led to minor changes being made to the supervisory statement to improve its clarity. The Branch Return rule, an additional policy statement and the final Branch Return – which was originally part of CP4/14 Supervising international banks: the PRA’s approach to branch supervision – will be published at a later date following a second pilot exercise.
Policy Statement 8/14Published on 26 February 2014
Supervising International Banks: the PRA’s approach to branch supervision - CP4/14
This consultation seeks views on proposed rules and a draft supervisory statement which set out the PRA’s proposed approach to the supervision of international banks, with a specific focus on branches from outside the European Economic Area (‘non-EEA branches’).
The proposals in this consultation are relevant to all existing and prospective PRA-supervised deposit takers and designated investment firms operating in the UK which are not UK-headquartered firms.
The consultation closed on 27 May 2014.