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 Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    News

    EBA Calls on Resolution Authorities to Consider Impact of COVID Crisis

    EBA published a statement on resolution planning in light of the COVID-19 pandemic.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    July 08, 2020 WebPage Regulatory News
    News

    ECB Guideline on Materiality Threshold for Credit Obligations Past Due

    ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.

    July 08, 2020 WebPage Regulatory News
    News

    FED Temporarily Revises FR Y-14 With Respect to PPP and CARES Act

    FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.

    July 08, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5458