Featured Product

    PRA Published CP6/17 on Regulatory Reporting

    June 12, 2017

    The PRA published a consultation paper CP6/17 that sets out proposals for minor amendments to the templates and reporting instructions for PRA101 to PRA103 (Capital+), PRA108, and the removal of the definition of "whole-firm liquidity modification" from the PRA Rulebook. Appendix 1 of the Supervisory Statement SS34/15 titled "Guidelines for completing regulatory reports" will be updated to link to the amended templates when final policy is published.

    The proposals in relation to the Capital+ and PRA108 templates are relevant to PRA-authorized UK banks, building societies, and PRA-designated investment firms. The removal of the definition of "whole-firm liquidity modification" is relevant to non-European economic area banks that are authorized to accept deposits through a branch in the United Kingdom. The PRA proposed the following amendments in relation to Capital+:

    Change the note on the header page to indicate that values in the template should be reported in units, not thousands

    Remove the requirement for firms to supply a Group Reference Number and add the requirement for firms to supply their Legal Entity identifier (LEI)

    Remove the example date from the header page and at the top of the columns on the "Input" section

    Update the reporting instructions in SS34/15 for the above changes

     

    The PRA proposed to change the PRA108 reporting instructions to indicate that reporting should be in units, to be consistent with the Capital+ data items. The PRA has identified an error in rule-making instrument PRA 2017/4, published in PS4/17 "Responses to CP36/16 and correction to PS2/16 PIN rules." The PRA proposed to correct this by deleting the definition for "whole-firm liquidity modification" from the Regulatory Reporting Part Glossary. The PRA also proposed to remove a further reference to "whole-firm liquidity modification" in 14.4 of the Regulatory Reporting Part. The PRA invites feedback on the proposals set out in this consultation. The proposed implementation date for the changes to the templates and reporting instructions is October 01, 2017, to align with the introduction of reporting of the Capital+ templates. The removal of the definition of "whole‐firm liquidity modification" would also take effect on the same date.

     

    Related Link: CP6/17 Regulatory Reporting (PDF)

    Comments Due Date: July 07, 2017

    Keywords: PRA, Europe, UK, Banking, PRA108, Capital+, Reporting

     


    Featured Experts
    Related Articles
    News

    APRA Consults to Standardize Submission Date for Quarterly Reporting

    APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies.

    November 08, 2019 WebPage Regulatory News
    News

    EBA Publishes Methodology and Draft Templates for Stress Tests in 2020

    EBA published a package for the 2020 EU-wide stress test exercise for banks.

    November 07, 2019 WebPage Regulatory News
    News

    EC Publishes Results of Fitness Check of Reporting Requirements in EU

    EC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU.

    November 07, 2019 WebPage Regulatory News
    News

    BCBS Assesses NSFR and LE Rules in Argentina and China as Compliant

    BCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China.

    November 07, 2019 WebPage Regulatory News
    News

    FSB Publishes Summary of Plenary Meeting in Paris

    At the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020.

    November 07, 2019 WebPage Regulatory News
    News

    HKMA Highlights Technology Initiatives at the Hong Kong FinTech Week

    HKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide.

    November 06, 2019 WebPage Regulatory News
    News

    ECB Report on Fallback Provisions in Contracts Referencing EURIBOR

    ECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR.

    November 06, 2019 WebPage Regulatory News
    News

    EC Regulation on Homogeneity of Underlying Exposures in Securitization

    EC published the Delegated Regulation 2019/1851 regarding the regulatory technical standards on the homogeneity of the underlying exposures in securitization.

    November 06, 2019 WebPage Regulatory News
    News

    FSI Examines Regulatory Approaches on Climate Risk Assessment

    The Financial Stability Institute (FSI) of BIS published a paper that examines the regulatory approaches being used for climate risk assessment in the insurance sector, in particular through enterprise risk management (ERM) frameworks.

    November 06, 2019 WebPage Regulatory News
    News

    SRB Launches Q&A Process for Resolution Reporting

    SRB has setup a dedicated solution for raising questions on the resolution reporting.

    November 06, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4112