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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.

Oral evidence transcripts

View all oral evidence transcripts
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)
Committees Treasury Sub-Committee on Financial Services Regulations
Oral Evidence
SSF0001 - The Strong and Simple Framework
Witnesses Building Societies Association
Committees Treasury Sub-Committee on Financial Services Regulations
Written Evidence
SSF0002 - The Strong and Simple Framework
Witnesses UK Finance, and UK Finance
Committees Treasury Sub-Committee on Financial Services Regulations
Written Evidence
SSF0003 - The Strong and Simple Framework
Witnesses OakNorth Bank
Committees Treasury Sub-Committee on Financial Services Regulations
Written Evidence

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We receive a significant number of emails each day. If you’ve asked for a reply, we’ll aim to respond as soon as we can, although during parliamentary recesses it may take slightly longer for us to respond. We’re usually able to reply more quickly to emails than to post. Please note, the Committee does not look at individual cases or specific complaints.

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