Dec 17, 2019
This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback to responses to Consultation Paper (CP) 14/19 ‘Pillar 2 liquidity: PRA110 reporting frequency threshold’. It also contains the PRA’s final policy. This PS is relevant to PRA-authorised UK banks, building societies, and PRA-designated UK investment firms, referred to collectively as ‘firms’ with total assets of £5 billion or above, calculated in accordance with Council Directive 86/635/EEC.
Having considered the feedback, the PRA does not consider that the respondent raised new information that alters the validity of the cost-benefit analysis. The PRA has decided that it does not need a change to the proposed policy.
The PRA has maintained its view that access to liquidity data on every business day during a firm specific and/or market liquidity stress is critical to the effective supervision of firms with total assets equal to or above £5 billion.
Further details can be found in the full press release here.