PRA disclosed information on its supervisory practices in the banking sector. The published disclosures cover rules and guidance, options and discretions, supervisory review and evaluation process (SREP), and aggregate statistical data as at December 31, 2018. The disclosed supervisory practices include the way in which each UK, as a member state, exercises the options and national discretions available in EU banking legislation and the general criteria and methodologies used by national authorities in the Supervisory Review and Evaluation Process (SREP).
PRA also submitted this information to EBA, in line with Article 143 of the Capital Requirements Directive (CRD IV) and the Commission Implementing Regulation 650/2014. This information is intended to enable a comparison of the approaches adopted by the competent authorities of different member states in EU. The published material is expected to be of primary interest to PRA-authorized banks, building societies, investment firms, and credit unions.
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