PRA in the supervisory statement SS2/24 outlines requirements around solvent exit planning and execution. This article summarises the requirements and provides specific action points that small- and medium-sized banks can consider to implement these requirements.

PRA in the supervisory statement SS1/23 outlines the key principles that banks can use to embed model risk management (MRM) within the firm. This article explores practical steps that small- and medium-sized banks can take to implement these principles on a proportional basis.