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…
Starmer spoke to Nick Robinson for the Today Programme on Polanski’s criticism of the Golders Green police officers:
“I want everybody just to imagine what it might be like. You’re trying to arrest someone who has already attacked two people and has no regard for life. We know that tasers were fired. I know from my own experience with the police, that there are only two shots in a taser, and once you’ve shot them, there’s nothing left. There’s a guy on the ground, he’s got a rucksack on. And I don’t know what was going through the mind of those officers, but if I was there, I’d be thinking, he’s going to detonate something. He’s going to blow me up and everybody around here. In those circumstances, I think you can quite see why what could have gone through their mind is, we need to do whatever we can to disable this guy…
Now, when I then see Zack Polanski come out and retweet or support a criticism of that, I think it’s disgraceful… He’s not fit to lead any political party.”