The purpose of the new bank start up unit

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Dear Prudential Regulation Authority,

Could you tell me why and how the new bank start up unit can to be and the implications towards old banks? the implications to me as a tax payer?

are the old banks enough?

Yours faithfully, james

Enquiries, Prudential Regulation Authority

Dear James

We acknowledge receipt of your email dated 6 March below (our ref: CAS-06219-Q5D358).

We will reply in due course.

Yours sincerely

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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Enquiries, Prudential Regulation Authority

1 Attachment

Dear James

Please find attached a response to your email of 6 March below.

Yours sincerely

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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