Regulatory News, Regulatory News - EMEA

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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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 information in relation to UK Leverage Ratio treatment of claims on central banks

October 3, 2017 The Prudential Regulatory Authority (PRA) published today new documentation and guidance in relation to the UK Leverage Ratio treatment of claims on central banks. Policy Statement PS21/17 provides feedback to Consultation Paper CP11/17 ‘Consultations by the Financial Policy Committee (FPC) and PRA on changes to the UK leverage ratio framework relating to […]

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PRA publishes information in relation to the Pillar 2A capital framework

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. Policy Statement PS22/17 provides feedback to Consultation Paper CP3/17 ‘Refining the PRA’s Pillar 2A capital framework’. Changes to the existing framework are […]

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PRA Publishes SS6/17 – Compliance with EBA’s Guidelines on Disclosure

September 27, 2017 The PRA has published Supervisory Statement (SS) 6/17, setting out a waiver for the requirement to disclose EBA Pillar III template ‘EU CCR5-B – Composition of Collateral for exposures to CCR’. Further details can be found on the PRA’s website here. Related links: Outline of AxiomSL’s Capital Calculations Solution

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PRA Publishes CP15/17 MREL – Buffers

July 27, 2017 The PRA has published a consultation paper (CP) setting out the proposed expectations regarding the relationship between MREL and buffer requirements, as well as the consequences of not meeting these requirements. The CP proposes to update the Supervisory Statement (SS) 16/16 ‘The minimum requirement for own funds and eligible liabilities (MREL) – […]

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Proposed Changes to PRA Rules – CP2/17

February 16, 2017 The Prudential Regulation Authority (PRA) has published an Occasional Consultation Paper (OCP) which sets out proposed changes to PRA rules and existing supervisory statements (SS). Some of the Rulebook Parts and SSs they propose to change include: SS17/13 ‘Credit Risk Mitigation’ relating to all firms to which CRD IV applies Large Non-Solvency […]

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PRA publishes IFRS 9: changes to reporting requirements – CP46/16

December 12, 2016 The Prudential Regulation Authority (PRA) has today published a consultation paper (CP) proposing changes to regulatory reporting requirements arising from the introduction of International Financial Reporting Standard 9 (IFRS 9) from 1 January 2018. This CP is relevant to UK banks and building societies (not including UK branches of firms in other […]

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The PRA’s approach to supervising liquidity and funding risks – SS24/15 UPDATE

December 12, 2016 The PRA has published today an update to SS24/15 the supervisory statement on The PRA’s approach to supervising liquidity and funding risks. This is following the publication of PS35/16 ‘Responses to CP26/16’. The SS covers the PRA’s expectations in relation to: the Internal Liquidity Adequacy Assessment Process; the Liquidity Supervisory Review and […]

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PRA publishes Policy Statement 35/16 in Response to CP26/16

December 12, 2016 The Prudential Regulatory Authority (PRA) has published a Policy Statement (PS) 35/16 which provides feedback on responses to the Consultation Paper (CP) 26/16. It also contains final rules and updates the Supervisory Statement (SS) 24/15 on the ‘PRA’s approach to supervising liquidity and funding risks’. This PS is relevant to all PRA-authorised […]