Featured Product

    PRA Finalizes Policy Amending Certain CRR Rules for Banks

    August 08, 2022

    The Prudential Regulation Authority (PRA) published a policy statement (PS7/22) on changes under the Capital Requirements Regulation while the Bank of England (BoE) published a market notice setting out its intention to introduce a Short Term Repo (STR) facility alongside any future sales of gilts from the Asset Purchase Facility (APF).

    PS7/22 includes policy changes that fall under the Capital Requirements Regulation (CRR) and Solvency II. The implementation date for the policy changes is September 01, 2022, with certain exceptions. PRA consulted on these changes, via the occasional consultation paper CP3/22, from March 21 to May 10, 2022. PRA received no responses to proposals related to any of the chapters in CP3/22. Given that PRA has not received any responses to its consultation, the analyses, as presented in CP3/22, remain unchanged. Among the changes, CP3/22 set out amendments to leverage ratio framework, CRR rules, and Pillar 3 Liquidity disclosure template and instructions. The appendices to PS7/22 provides final policy material, including the following:

    • Amendments to Statement of Policy on PRA’s approach to the publication of Solvency II technical information
    • Amendments to SS45/15 on UK leverage ratio framework
    • PRA Rulebook: CRR Firms: (CRR 2 and Other Consequentials) Modification Instrument 2022
    • Amendments to Statement of Policy on Bank of England (BoE) and PRA approach after the UK’s withdrawal from the EU
    • Investment Firms Prudential Regime Amendment Instrument 2022
    • PRA Standards Instrument: The Technical Standards (Investment Firms Prudential Regime Consequential Amendments) Instrument
    • Amendments to Template UK LIQ2 on net stable funding ratio (NSFR)
    • Instructions on Template UK LIQ2 on disclosure of NSFR
    • PRA Rulebook: CRR Firms Administration Instrument 2022


    Related Links


    Keywords: Europe, UK, Banking, Reporting, PRA Rulebook, CRR, Basel, Leverage Ratio, Disclosures, Pillar 3, NSFR, IFPR, Investment Firms, Regulatory Capital, CP3 22, PS7 22, BoE, PRA

    Featured Experts
    Related Articles

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8699