November 15th 2018
The PRA has published Policy Statement (PS) 29/18 ‘Securitisation: The New Framework and Significant Risk Transfer’, which provides feedback on responses to CP12/18. The PS also contains the PRA’s final policy as follows:
- final Supervisory Statement (SS) 10/18 ‘Securitisation: General requirements and capital framework’ (Appendix 1);
- updated SS9/13 ‘Securitisation: Significant Risk Transfer’ (Appendix 2); and
- updated SS31/15 ‘The Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP)’ (Appendix 3).
Further details can be found on the PRA website here.