Committees

The Strong and Simple Framework

Inquiry

The Prudential Regulation Authority (PRA) is seeking to mitigate the ‘complexity problem’ that can arise when the same prudential requirements are applied to all firms of different sizes and business models. The PRA has published draft proposals which aim to mitigate against this problem through its ‘strong and simple’ initiative that would seek to simplify the prudential framework for non-systemic domestic banks and building societies, while maintaining their resilience.

 

The Treasury Sub-Committee on Financial Services Regulations will hold a short inquiry into the PRA’s proposal for a “Strong and Simple Framework”.

 

Read the call for evidence to find out more about the inquiry

 

This inquiry is no longer accepting evidence

The deadline for submissions was Monday 11 July 2022.

Reports, special reports and government responses

No reports or special reports published.

Correspondence

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Letter from Sam Woods, Prudential Regulation Authority, relating to the 'Strong and Simple Framework', dated 31 August
Inquiry The Strong and Simple Framework
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Correspondence
Letter to the Prudential Regulation Authority relating to the 'Strong and Simple Framework', dated 10 August
Inquiry The Strong and Simple Framework
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Correspondence

Oral evidence transcripts

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20 July 2022
Inquiry The Strong and Simple Framework
Witnesses Simon Hills (Director, Prudential Policy at UK Finance), Heidi Jenvey (Director of Risk at Aldermore Bank), Nick Lee (Head of Regulatory and Government Affairs at OakNorth Bank), and Robin Fieth (Chief Executive Officer at Building Societies Association)
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Oral Evidence

Written evidence

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Building Societies Association (SSF0001)
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UK Finance, and UK Finance (SSF0002)
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OakNorth Bank (SSF0003)
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Other publications

No other publications published.

Contact us

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  • Email: finservsubcom@parliament.uk
  • Phone: 020 7219 5769 (general enquiries) | 0207 219 8335 (media enquiries)
  • Address: Treasury Sub-Committee on Financial Services Regulations, House of Commons, London, SW1A 0AA