October 3, 2017
The Prudential Regulatory Authority (PRA) published today new documentation and guidance in relation to the Pillar 2A capital framework that are relevant to banks, building societies and PRA-designated investment firms.
Changes to the existing framework are communicated in:
- Supervisory Statement SS31/15 ‘The Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP)’ (Appendix 2)
- Supervisory Statement SS32/15 ‘Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082’ (Appendix 3).
- Statement of Policy ‘The PRA’s methodologies for setting Pillar 2 capital’ (Appendix 4).
The updated instructions for FSA076, FSA077, and an updated regulatory reporting schedule, are available on the CRD firms – Reporting Requirements page.
The refined Pillar 2A capital framework will come into force on 1 January 2018.
The original press release and all associated material can be found under item 2 on the PRA website here.