Featured Product

    PRA Finalizes Reporting Amendments to Pillar 2 Liquidity Framework

    June 17, 2019

    PRA published the final Policy Statement PS13/19 on regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK. PS13/19 also provides feedback to responses to the Consultation Paper CP6/19 titled "Pillar 2 liquidity: Updates to the framework." The updated PRA110 template and reporting instructions will take effect from January 01, 2020. Additionally, PRA published version 5 of the PRA110 questions and answers (Q&As), which supersedes the version that was published on March 19, 2019. The new or updated Q&As appear in italics and under the PRA110 row/column to which they refer, where possible.

    PRA received nine responses to CP6/19. Respondents did not express concerns on most of the proposals, but did raise some issues and requests for clarifications. Chapter 2 of PS13/19 sets out the PRA feedback to these response, along with the final decisions. Appendices to PS13/19 contain the final policy in the form of updates to the following:

    • Regulatory Reporting Part of the PRA Rulebook (Appendix 1)
    • Statement of Policy on Pillar 2 liquidity (Appendix 2)
    • Supervisory Statement SS24/15 on the PRA approach to supervising liquidity and funding risks (Appendix 3)
    • SS34/15 on guidelines for completing regulatory reports (Appendix 4)
    • PRA110 template and reporting instructions (Appendices 5 and 6, respectively)

    Annex A of the rule instrument amending the Regulatory Reporting Part of the PRA Rulebook (Appendix 1), the updated Statement of Policy (Appendix 2), the updated SS24/15 (Appendix 3), and the updated SS34/15 (Appendix 4) will take effect from July 01, 2019. The updated PRA110 template and reporting instructions (appendices 5 and 6) and Annex B of the rule instrument amending the Regulatory Reporting Part of the PRA Rulebook (Appendix 1) will take effect from January 01, 2020. PS13/19 is relevant to UK banks, building societies, PRA-designated investment firms, and non-EU European Economic Area banks, referred to collectively as "firms" in this Policy Statement. 

    The policy in PS13/19 has been designed in the context of the current UK and EU regulatory framework. PRA has assessed that the policy will be affected in the event that the UK leaves the EU with no implementation period in place. The final Statement of Policy, SS24/15, and SS34/15 attached to PS13/19 should be read in conjunction with SS1/19 titled "Non-binding PRA materials: The PRA’s approach after the UK’s withdrawal from the EU." The changes being made to the Regulatory Reporting Part of the Rulebook should be read in conjunction with SS2/19 titled "PRA approach to interpreting reporting and disclosure requirements and regulatory transactions forms after the UK’s withdrawal from the EU." 

     

    Related Links

    Effective Dates: January 01, 2020; July 01, 2019

    Keywords: Europe, UK, Banking, Liquidity Risk, Reporting, PRA 110, Pillar 2 Liquidity, PS 13/19, CP 6/19, Q&A, Brexit, PRA

    Featured Experts
    Related Articles
    News

    EBA Single Rulebook Q&A: Second Update for September 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.

    September 13, 2019 WebPage Regulatory News
    News

    PRA Revises Branch Return and Updates Guidance for Regulatory Reports

    PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.

    September 12, 2019 WebPage Regulatory News
    News

    ECB Publishes Version 1.5 of AnaCredit Validation Checks

    ECB published Version 1.5 of the AnaCredit validation checks.

    September 12, 2019 WebPage Regulatory News
    News

    FINMA Outlines Treatment of Stablecoins in Supplement to Guide on ICO

    FINMA published a supplement to its initial coin offerings (ICOs) guidelines, outlining the treatment for stablecoins under the Swiss supervisory law.

    September 11, 2019 WebPage Regulatory News
    News

    FCA and BoE Issue Updates on Brexit Preparations for Financial Sector

    FCA and BoE published important information to help regulated firms in preparing for Brexit.

    September 11, 2019 WebPage Regulatory News
    News

    Ursula von der Leyen Presents Structure of Next European Commission

    President-elect Ursula von der Leyen has presented her team and the new structure of the next European Commission.

    September 10, 2019 WebPage Regulatory News
    News

    FED Proposes to Revise and Extend Reporting Form on Systemic Risk

    FED proposed to extend for three years, with revision, the Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352).

    September 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting

    EBA published the revised list of validation rules (version 2.9) in its implementing technical standards on supervisory reporting.

    September 10, 2019 WebPage Regulatory News
    News

    Bundesbank Publishes Supplementary Validation Rules for Reporting

    Bundesbank published the updated document containing supplementary validation rules in the context of the implementation of the reporting system at national level.

    September 10, 2019 WebPage Regulatory News
    News

    APRA Licenses Xinja Bank as Authorized Deposit-Taking Institution

    APRA granted Xinja Bank Limited a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.

    September 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3807