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September 27, 2017

PRA published a supervisory statement SS6/17 on compliance with the EBA guidelines on disclosure. PRA sets out a waiver for the requirement to disclose template ”EU CCR5-B – Composition of Collateral for exposures to CCR” (CCR5 B) in the EBA guidelines on disclosure requirements. SS6/17 is relevant to firms to which Part Eight of the Capital Requirements Regulation (CRR) applies. Of these firms, it is directly relevant to firms within the scope of application of the full EBA guidelines, which is limited to global systemically important institutions, other systemically important institutions, and to any other institution opted into the EBA guidelines on the basis of a supervisory decision.

PRA had, on June 21, 2016, published consultation paper CP10/17, titled “Compliance with the EBA’s Guidelines on disclosure: Composition of collateral for exposures to counterparty credit risk,” which proposed a new supervisory statement with the same name. PRA received no responses to its proposals and, therefore, published the final SS6/17 with no changes to the proposed policy. SS6/17 further clarifies how the threshold should be calculated. SS6/17 seeks to reduce the risk that firms’ compliance with the EBA Guidelines could enable the use, or non-use, of liquidity assistance to be deduced. EBA had published its final guidelines on regulatory disclosure requirements in December 2016, following an update of the Pillar 3 requirements by the Basel Committee in January 2015.


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Keywords: Europe UK, Banking, SS6/17, Disclosure, CRR, Pillar 3, EBA, PRA

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