PRA confirms details of transition from FSA to ALMM returns

April 20, 2016

The Prudential Regulation Authority (PRA) has confirmed that firms will no longer need to submit FSA 050, FSA 051, FSA 052 and FSA 053 from April 22, 2016.

These reports will be replaced by Additional Liquidity Monitoring Metrics (ALMM) templates C67, C68, C69 and C71. For large banks, the reference date for the first submission of the ALMM templates is April 30, 2016; for small firms, the reference date for first submissions is June 30, 2016.

The full details of the implementation of the ALMM in the UK are available in this PRA policy statement. A full outline of AxiomSL’s ALMM solution can be found here. For more information about AxiomSL’s approach to the ALMM, click here.