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

    APRA Reviews Repayment Deferral Plans, Identifies Best Practices

    APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.

    September 22, 2020 WebPage Regulatory News
    News

    ESAs Assess Risks to Financial Sector After COVID-19 Outbreak

    ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.

    September 22, 2020 WebPage Regulatory News
    News

    BoE Confirms Withdrawal of COVID Corporate Financing Facility

    BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.

    September 22, 2020 WebPage Regulatory News
    News

    ECB Allows Temporary Relief in Leverage Ratio Amid COVID-19 Pandemic

    ECB published a decision allowing the euro area banks under its direct supervision to exclude certain central bank exposures from the leverage ratio.

    September 21, 2020 WebPage Regulatory News
    News

    ESAs Launch Survey on Templates for Product Disclosures Under SFDR

    ESAs launched a survey seeking feedback on the presentational aspects of product templates under the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088).

    September 21, 2020 WebPage Regulatory News
    News

    ECB Proposes Integrated Reporting Framework to Reduce Burden for Banks

    ECB published input of the European System of Central Banks (ESCB) into the EBA feasibility report on reducing the reporting burden for banks in EU.

    September 21, 2020 WebPage Regulatory News
    News

    EC Deems UK Framework for CCPs Temporarily Equivalent to EMIR Rules

    EC adopted a decision determining, for a limited period of time, that the regulatory framework applicable to central counterparties, or CCPs, in the UK and Northern Ireland is equivalent to the requirements laid down in the European Market Infrastructure Regulation (EMIR or Regulation 648/2012).

    September 21, 2020 WebPage Regulatory News
    News

    EBA to Phase Out Guidelines on Loan Repayment Moratoria

    EBA has decided to phase out the guidelines on legislative and non-legislative moratoria of loan repayments, in accordance with the earlier specified end of September deadline.

    September 21, 2020 WebPage Regulatory News
    News

    EBA Provides Opinion on Definition of Credit Institution in CRR

    EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).

    September 18, 2020 WebPage Regulatory News
    News

    ECB Finalizes Methodology to Assess CCR and A-CVA Risk of Banks

    ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.

    September 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5820