UK: Independent review of the prudential supervision of the Co-Operative Bank plc

A little over a year ago, the Government directed the Prudential Regulation Authority to undertake a review of the supervision of the Co-operative Bank between 2008 and 2013: see here and here.  Mark Zelmer, a former Deputy Superintendent of the Office of the Superintendent of Financial Institutions in Canada, was appointed to complete the review. The findings of that review, which makes recommendations for the Bank of England and the Prudential Regulation Authority designed to enhance the current supervisory regime, were published today by HM Treasury: see here (pdf). The Bank and PRA have resonded - see here (pdf) - as has the Financial Conduct Authority: see here.