The International Regulatory Strategy Group (IRSG) welcomes the opportunity to respond to the PRA’s Consultation Paper CP27/23 – The Prudential Regulation Authority’s approach to policy.
We welcome this Consultation Paper (CP) and the accompanying approach document (AD). In our response, we set out key considerations in the following areas:
- PRA approach to objectives and regulatory principles
- PRA approach to international engagement and collaboration
- The policy cycle
- Delivering a first-rate PRA Rule Book