The PRA has published Consultation Paper 18/5: Corporate governance: Board responsibilities (CP18/15). CP18/15 is relevant to all PRA-regulated firms and seeks views on a draft supervisory statement which identifies some key aspects of good board governance to which the PRA attaches particular importance in the conduct of its supervision. However, the supervisory statement is not intended to be a comprehensive guide to good corporate governance and there are other sources including the Financial Reporting Council’s Corporate Governance Code.

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