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UK banks receive guidance on grouped clients under large-exposures rules

( July 17, 2025, 11:27 GMT | Official Statement) -- MLex Summary: The Prudential Regulation Authority — the Bank of England's regulatory arm — has issued its final rules on how UK banks, building societies and other designated firms should manage large exposures. A key focus is the identification of Groups of Connected Clients — GCCs — where multiple clients pose a single risk to a firm. The PRA said that firms are required to treat two or more clients as a GCC constituting a single risk, when there is a control relationship between them. The PRA expects firms to provide it with their analysis where, in exceptional cases, firms determine that no single risk exists despite the existence of a control relationship among clients. The new rules will be effective from Jan. 1, 2026.Statements are attached....

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