UK PRA and BoE statement of policy on approach to CBA

The Bank of England (BoE) and the UK Prudential Regulation Authority (PRA) have published updated Statements of Policy (SoP) setting out their respective approaches to cost benefit analysis (CBA). The BoE SoP sets out how it conducts CBAs when making rules for financial market infrastructures, in particular central counterparties and central securities depositories.... By: A&O Shearman