Featured Product

    PRA Finalizes Policy on Minor Amendments to Regulatory Reporting

    December 05, 2018

    PRA published the policy statement PS30/18, which contains the final policy following a consultation (CP16/18) on certain amendments to regulatory reporting. These amendments involve several FSA, PRA, and RFB data items. PS30/18 is relevant to banks, building societies, PRA-designated investment firms, and dormant account fund operators.

    The policy statement covers the following changes:

    • Final rules in PRA Rulebook related to regulatory reporting (Appendix 1 of PS30/18). These rules will take effect on January 01, 2019.
    • The updated supervisory statement SS34/15 on guidelines for completing regulatory reports (Appendix 2 of of PS30/18). PRA101-103 (capital+ forecast) instructions take effect from December 05, 2018, data items and instructions in Appendices 9 and 10 of SS34/15 (RFB001 to RFB008 and PRA109) take effect from January 01, 2019, and PRA110 (cash flow mismatch) instructions take effect from July 01, 2019.
    • Updated SS32/15 on Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082 and PRA111 on stress test data (Appendix 3 of PS30/18). SS32/15 takes effect from January 01, 2019.
    • Specific changes to the RFB004 template (on intragroup financial reporting: detailed breakdown) have been outlined in Appendix 5 of PS30/18.

    These rules and supervisory statements also include updated templates and instructions. To assist the reader, a mapping table has been included in Appendix 4 of PS30/18 and the table outlines templates and instructions contained in SS32/15 and in SS34/15. Appendix 4 also presents the effective dates for the templates and instructions included in the supervisory statements.

    PRA received no responses to the consultation on these amendments (CP16/18), which ran from July 2018 to October 2018. However, PRA had identified minor changes to be made in relation to the proposals in the CP16/18. The additional changes have been set out in Chapter 1.6 of PS30/18. PRA has made the changes to the PRA110 reporting instructions, as proposed in CP16/18. However, changes to the reporting level of consolidation in PRA110 rules are subject to the outcome of CP22/18 titled "Liquidity reporting: FSA047 and FSA048."

     

    Related Links

    Effective Date: January 01, 2019 (PRA Rulebook)

    Keywords: Europe, UK, Banking, Reporting, PS30/18, Pillar 2, SS32/15, SS34/15, PRA Rulebook, Liquidity Risk, Stress Testing, Ring Fencing, Capital+, PRA

    Featured Experts
    Related Articles
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Reports Assess Impact of Pandemic on Financial Stability

    FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.

    November 17, 2020 WebPage Regulatory News
    News

    RBNZ Consults on Implementation of Capital Review Changes

    RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.

    November 17, 2020 WebPage Regulatory News
    News

    IASB Announces Andreas Barckow as the New Chair from July 2021

    The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.

    November 17, 2020 WebPage Regulatory News
    News

    HKMA Consults on Capital Rules for Bank Equity Investments in Funds

    HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.

    November 17, 2020 WebPage Regulatory News
    News

    ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA

    ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).

    November 17, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6153