PRA published Version 1 of the PRA110 liquidity metric monitor tool (PRA110 LMM tool), as part of its work on the Pillar 2 liquidity framework. It is for information only and must not be used to submit regulatory returns required by the rules. This tool is designed to demonstrate some of the metrics PRA calculates using the information from PRA110.
The PRA110 LMM tool may be updated after the publication of the final policy, following the finalization of the consultation (CP6/19) on updates to the Pillar 2 liquidity framework, if required, to align with an updated PRA110 reporting template. PRA110 LMM tool is being published to assist firms in the same way as the liquidity metric monitor (LMM) for FSA047 and FSA048.
Implementation of PRA110 and commencement of dual reporting period with FSA047 and FSA048 will begin on July 01, 2019. During the dual reporting period, the LMM tool for FSA047 and FSA048 will continue to apply. Firms are advised to continue to familiarize themselves with the policy, template, and instructions. Firms are also reminded to refer to the most recent questions and answers (Q&As) on the template and instructions and submit any questions that are not covered to their PRA supervisor.
Keywords: Europe, UK, Banking, Reporting, Pillar 2 Liquidity, PRA 110, Q&A, PRA 110 LMM Tool, FSA047, FSA048, Liquidity Risk, PRA
Previous ArticleFCA Extends Use of Temporary Transitional Power in Context of Brexit
The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The European Securities and Markets Authority (ESMA) has responded to the IFRS consultation on targeted amendments to the IFRS Foundation constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS Sustainability Standards.