General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
December 06, 2017

PRA published the consultation paper CP25/17, which proposes updates to the Pillar 2 reporting requirements. PRA is also proposing to update the reporting instructions in the supervisory statement SS32/15, which relates to Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082, along with the Statement of Policy titled “The PRA’s methodologies for setting Pillar 2 capital.” The consultation will close on March 06, 2018, following which PRA will issue the final policy that is proposed to be effective from October 01, 2018.

The proposals in CP25/17 would make changes to certain Parts of the PRA Rulebook, including Glossary, Regulatory Reporting, Reporting Leverage Ratio, and Reporting Pillar 2. This consultation is relevant to banks, building societies, and PRA-designated investment firms and it mainly proposes the following:

  • The first proposal is to introduce a new data item (PRA111) to capture stress testing data, which is currently included in Internal Capital Adequacy Assessment Process (ICAAP) documents of firms. The purpose of this proposal is to to bring greater transparency, clarity, standardization, and comparability in stress test data provided along with the ICAAP documents. It would also decrease the operational risks associated with the manual capturing of stress test data for analysis.
  • PRA proposes reduction in the frequency of reporting of the data items in the Reporting Pillar 2 Part of the PRA Rulebook (Pillar 2 data items) for some firms. The purpose this proposal is to make the PRA analysis of Pillar 2 risks more effective and to take a more proportionate approach.
  • The proposal is to consolidate definitions in several reporting Parts of the PRA Rulebook into the Glossary.The proposed consolidation of the definitions in several reporting Parts is intended to make it easier for firms to use the PRA Rulebook.


Related Link: Consultation, Templates, and Instructions 

Comment Due Date: March 06, 2018

Effective Date: October 01, 2018

Keywords: Europe, UK, Banking, Pillar 2, ICAAP, SS32/15, Stress Testing, Reporting, PRA

Related Insights

EBA Finalizes Guidelines on the STS Criteria in Securitization

EBA published the final guidelines that provide a harmonized interpretation of the criteria for a securitization to be eligible as simple, transparent, and standardized (STS) on a cross-sectoral basis throughout EU.

December 12, 2018 WebPage Regulatory News

OSFI Sets Domestic Stability Buffer for D-SIBs at 1.75%

OSFI set the level for the Domestic Stability Buffer at 1.75% of total risk-weighted assets, as calculated under the Capital Adequacy Requirements (CAR) Guideline.

December 12, 2018 WebPage Regulatory News

FSI Publishes Paper on Proportionality in Insurance Solvency Rules

FSI published a paper on proportionality in the application of insurance solvency requirements.

December 11, 2018 WebPage Regulatory News

BCBS Updates Framework for Pillar 3 Disclosure Requirements

BCBS published the updated framework for Pillar 3 disclosure requirements.

December 11, 2018 WebPage Regulatory News

EBA Issues Revised List of Validation Rules for Reporting

EBA revised the list of validation rules in its implementing technical standards on supervisory reporting.

December 11, 2018 WebPage Regulatory News

IMF Reports Assess the Stability of Financial System in Brazil

IMF published a report on the results of the Financial System Stability Assessment (FSSA) on Brazil.

December 11, 2018 WebPage Regulatory News

FED Governor Examines Pros of Imposing Capital Buffers on Large Banks

At the Peterson Institute for International Economics in Washington D.C., the FED Governor Lael Brainard summarized the financial stability outlook, highlighted areas where financial imbalances seem to be building, and touched on the related policy implications.

December 07, 2018 WebPage Regulatory News

US Agencies Propose Rule on Appraisals for Real Estate Transactions

US Agencies (FDIC, FED, and OCC) proposed a rule to increase the threshold level at or below which appraisals would not be required for the residential real estate transactions from USD 250,000 to USD 400,000. Comments will be accepted for 60 days from publication in the Federal Register.

December 07, 2018 WebPage Regulatory News

EBA Single Rulebook Q&A: First Update for December 2018

This week one answer was published as part of the Single Rulebook Questions and Answers (Q&A).

December 07, 2018 WebPage Regulatory News

FED Updates Reporting Form and Instructions for FR Y-14Q

FED published the updated reporting form FR Y-14Q for Capital Assessment and Stress Testing, along with the associated instructions.

December 06, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2325