PRA strengthens approach to firms trading wind-down plans

The PRA published a Policy Statement (PS) 4/22 on 6 May 2022, with accompanying Supervisory Statements, confirming the final policy towards trading activity wind-down originally proposed in Consultation Paper (CP) 20/21.

The PRA is requiring that in-scope firms be able to implement a full or partial wind-down of their trading activities, either as part of their recovery or post-resolution restructuring.

Download this At a glance to see a detailed analysis of the proposals, and what they mean for firms.