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    PRA Proposes Reporting Amendments to Pillar 2 Liquidity Framework

    March 18, 2019

    PRA proposed (CP6/19) regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK. This consultation closes on April 19, 2019. Additionally, PRA published version 4 of the PRA110 questions and answers (Q&As), which supersedes the version that was published on December 14, 2018.

    Following a review of the feedback received on PRA110 reporting template and instructions, PRA considers that updates to the template and reporting instructions are needed. In light of this and to reflect the  review of PRA, CP6/19 sets out proposals to make amendments to PRA110 template and instructions. PRA has also reviewed certain aspects of Pillar 2 liquidity and sets out proposals for updates to reporting requirements for non-EU European Economic Area banks; expectations under the supervisory statement SS24/15; the approach to cash flow mismatch risk; and the Regulatory Reporting Part of the PRA Rulebook. The proposed changes would be implemented through amendments to the following:

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

    The proposed implementation date for Annex A (as explained in Appendix 1 of CP6/19) in the draft PRA Rulebook is July 01, 2019. Additionally, the proposed implementation date for the updated PRA110 reporting template and instructions and for Annex B (as explained in Appendix 1 of CP6/19) in the draft PRA Rulebook is January 01, 2020. CP6/19 is relevant to UK banks, building societies, PRA-designated investment firms, and non-EU European Economic Area banks. 

     

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    Comment Due Date: April 19, 2019

    Keywords: Europe, UK, Banking, Reporting, Pillar 2 Liquidity, CP6/19, PRA110, Q&A, Cash Flow Mismatch Risk, Liquidity Risk, Basel III, PRA

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