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
July 20, 2017

The PRA published two policy statements (PS19/17 and PS20/17) relevant to the banking and insurance sectors. These policy statements address changes to guidelines for completing regulatory reports, including reporting templates and instructions. The PRA also updated SS9/13, along with SS34/15, following PS19/17 and PS20/17.

PS19/17 provides feedback to responses to the consultation paper CP2/17. It also includes the final rules and updated supervisory statements SS34/15 titled “Guidelines for Completing Regulatory Reports,” and SS9/13 titled “Securitization,” along with the ring-fenced bodies' reporting templates and instructions, specifically RFB001 to RFB008. This statement is relevant to all PRA-authorized firms. The PRA is still considering the response received to Chapter 2 on "Credit risk mitigation – secured guarantees" and will provide feedback in a separate PRA publication. Additionally, PS20/17 provides feedback to responses to consultation paper CP6/17. It contains final rules, updated SS34/15, and updated PRA101 to PRA103 (Capital+) templates and instructions, along with instructions for PRA108. It is relevant to PRA-authorized UK banks, building societies, PRA-designated investment firms, and non-European Economic Area banks authorized to accept deposits through a branch in the United Kingdom.

 

The PRA also updated SS34/15which contains guidelines for completing regulatory reports and is addressed to all PRA-regulated firms that are required to submit supervisory reports under the Regulatory Reporting, Close Links, and Change in Control Parts of the PRA Rulebook. It sets out the PRA’s expectations on how firms should complete the data items and returns required by those Parts. Additionally, SS9/13 was updated following PS19/17 and it is aimed at firms to which Capital Requirements Directive (CRD IV) applies. It sets out the PRA’s expectations of firms in respect of securitization and supplements the rules in the Benchmarking of Internal Approaches and Credit Risk Part of the PRA Rulebook.


Related Link: Press Release

Keywords: Europe, United Kingdom, Banking, Insurance, PRA, Reporting Requirements, Securitization, Securities

Related Insights
News

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
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
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
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
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
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
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
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
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
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