Regulatory News, Regulatory News - EMEA

Credit risk mitigation: Eligibility of financial collateral – CP1/19

January 10th, 2019    The PRA have published Consultation Paper (CP)1/19, which sets out its proposed changes to Supervisory Statement (SS) 17/13 ‘Credit risk mitigation’ to clarify expectations regarding the eligibility of financial collateral as funded credit protection under Part Three, Title II, Chapter 4 (Credit risk mitigation) of the Capital Requirements Regulation (575/2013) (CRR). […]

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PRA Publishes CP28/18 & PS28/18 – UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer

November 14th 2018  The PRA has published Policy Statement (PS) ‘UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer’. It contains the PRA’s final policy to update: The Leverage Ratio, Public Disclosure, Reporting Leverage Ratio, and Ring-fenced Bodies Parts of the PRA Rulebook (Appendix 1); Supervisory Statement (SS) […]

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Bank of England’s approach to financial services legislation under the European Union (Withdrawal) Act – October 2018

October 25th 2018 On 25th October, the Bank of England (BoE) updated firms on its regulatory and supervisory approach in relation to its work on EU withdrawal. The package of communications published today sets out changes to our rules and binding technical standards arising out of EU Withdrawal. It also sets out further guidance on […]

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PRA publish Consultation Paper (CP) 24/18

October 24th 2018 On 24th October, the PRA published a consultation paper (CP24/18) proposing changes to Prudential Authority (PRA) Rulebook Parts supervisory statements (SSs), statements of policy (SoPs) and forms. This CP is relevant to all PRA-authorised firms. The policy contained in this CP has been designed in the context of the current UK and […]

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PRA Publishes CP 19/18

September 12th 2018  The PRA have published the below consultation paper (CP19/18). The Consultation Paper (CP) sets out proposals to update certain PRA reporting requirements to reflect relevant proposals made by the European Banking Authority (EBA) in its open consultations on changes to the Implementing Technical Standards on Supervisory Reporting. For more information, please refer […]

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FCA Publish Handbook Changes to Reflect Application of EU Securitisation Regulation

September 4th 2018 The FCA has published CP 18/22: Handbook changes to reflect the application of the EU Securitisation Regulation and the amendment to the Capital Requirement Regulation, which entered into force on 18 January 2018. These provisions will come into effect on 1 January 2019. Further details can be found on the FCA website here. Related […]

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PRA publish CP16/18 outlining proposed amendments to their reporting requirements

July 23rd 2018 On July 23 2018, the PRA published a consultation paper (CP16/18) outlining a number of proposed amendment to their reporting requirements. Among the proposed changes are the following: Discontinuation of Prudent Valuation Return PV001 (year-end 2018); Changes to PRA reporting instructions to align with updated EBA requirements (RFB001, PRA110, and PRA101 – […]

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Pillar 2: Update to Reporting Requirements

December 6, 2017 The PRA has published a consultation paper CP25/17 on updates to reporting requirements for Pillar 2. The CP proposes the following: New data item (PRA111) to capture stress testing data currently included in firms’ Internal Capital Adequacy Assessment Process (ICAAP) documents; Reduction in frequency of reporting of data items in the Reporting Pillar […]