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Banks in UK told to prioritize risk management, data collection, resilience

( January 21, 2025, 16:17 GMT | Official Statement) -- MLex Summary: Britain's deposit takers and international banks regulated by the Prudential Regulation Authority have been told that improving risk management, data collection, and financial and operational resilience should be their priorities for 2025. In a letter sent to the financial firms' chief executives, the PRA said that priorities are set to deliver the watchdog's primary objective of guarding the "safety and soundness" of the banking sector.  Letters are attached....

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