FIA has submitted a response to the FCA consultation paper 20/24 on a new UK prudential regime for investment firms. Comments expressed in the letter represent the views of a diverse group of members, such as investment firm clearing members, non-bank clearing members, clients and commodities firms. Recommendations to the FCA include further refinements to the concept of K-CMG and request clarification of the scope of application of prudential consolidation, among a number of suggestions set out in the paper. FIA has previously already responded to the FCA Discussion Paper on the same topic.
