Regulation

The PRA have today issued a letter to Credit Unions on Covid-19. The letter contains a number of key points for Credit Unions to consider.

Many large Credit Unions will be looking to see what the new capital requirements mean to them.  Under the new requirements the minimum capital requirements

The PRA have today published Policy Statement 6/20. This statement introduces their proposed capital changes which were set out in Consultation Paper 28/19. The changes

From 30 January, Credit Unions will be required to review and confirm their details annually via the Connect System. The confirmation will be required within

The PRA have launched a consultation on changing the capital requirements for Credit Unions.  Large and Growing Credit Unions The current capital requirements have restricted

When the Senior Managers Regime was introduced the number of individuals listed on the Financial Services Register decreased. As a result the register no longer

New Requirements On the 30th September 2018 the capital requirement for large Credit Unions increased with the introduction of the 2% capital buffer. This represents

The PRA has sent its annual letter to version 5 Credit Unions. There are three versions of the letter. The version you receive depends on

The FCA have issued a letter to Credit Unions based on the regulator’s most recent review of the sector.  The letter contains key information with

The PRA have written to Category 4 and 5 Credit Unions with the findings of their assessment of the sector. There were three different letters