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Being better informed: July 2022

The past month was another busy one for the regulators, particularly in the banking prudential space. The Bank of England published its first assessment of major UK banks’ preparations for resolution under its Resolvability Assessment Framework, while the PRA issued a number of updates on the management of model risk. Elsewhere, the FCA directed firms to improve the support they’re offering to customers, particularly those in vulnerable circumstances, in light of the rising cost of living, and HM Treasury confirmed its approach to mitigating risks from critical third party providers of services to the finance sector.

Download this edition of Being better informed to read more on these developments and for a comprehensive summary of all the regulatory updates from the past month. 

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