This includes at what time the PRA last examined the model, under what assumptions, and to what verdict it came. Conversely, we are open to sharing all necessary information that the PRA might need to process applications by EU banks to operate in the UK. The guiding principle of our cooperation should be to ensure a smooth transition to a post-Brexit world.
As supervisors with the necessary distance from political haggling, we can make a substantial contribution by providing pragmatic and efficient solutions. In parallel, I believe that European and UK supervisors should fathom out how we can put our future cooperation on a more formal footing. 6 Closing remarks Ladies and gentlemen, let me summarize. The financial landscape will change, and we cannot know how.