April 29, 2016
The Prudential Regulation Authority (PRA) has published a consultation paper, which outlines its proposals for future reporting of balance sheet information, profit and loss (P&L) statements and forecast capital data (currently known as Capital+). The paper also includes a discussion of potential reporting requirements for International Financial Reporting Standard 9 (IFRS 9).
The PRA’s proposals include:
– replacing existing returns FSA001 (Balance Sheet) and FSA002 (Income Statement) with relevant Financial Reporting (FINREP) templates issued by the European Banking Authority (EBA)
– continuing the collection of the Memorandum items section of the current FSA001 return via a new return (PRA108)
– replacing the existing return FSA014 (Forecast data from firms) with four new returns collecting forecast balance sheet (PRA104-PRA106) and P&L data (PRA107)
The consultation period closes on Friday 29 July 2016.
The consultation paper can be found on the PRA’s website here. Related links: