The government’s standard-setting body for financial services firms has today proposed cutting the UK free from burdensome EU reporting requirements imposed on banks. Brexit dividend…
The Prudential Regulation Authority has today launched a one-month consultation proposing to delete “37 individual reporting templates” for banks, which it says represents “an initial set of targeted deletions of whole reporting templates that were inherited from European Union regulations.” It adds:
“The PRA has decided that these templates cover data which are either no longer necessary to support its work or are already available elsewhere. Their removal should benefit firms by reducing their administrative costs.”
Paperwork duplication is rife in EU regulations. The PRA wants to scrap the red tape on 1 January 2026 and estimates the move would save the banking industry “an estimated £26 million” every year. More, faster…
![Gavin Newsom Threatens to 'Punch These Sons of B*thces in the Mouth' [WATCH]](https://www.right2024.com/wp-content/uploads/2025/08/Gavin-Newsom-Threatens-to-Punch-These-Sons-of-Bthces-in-350x250.jpg)
![ICE Arrests Illegal Alien Influencer During Her Livestream in Los Angeles: ‘You Bet We Did’ [WATCH]](https://www.right2024.com/wp-content/uploads/2025/08/ICE-Arrests-Illegal-Alien-Influencer-During-Her-Livestream-in-Los-350x250.jpg)
