PRA published Version 3 of the questions and answers (Q&A) on the Branch Return form, with this version superseding the version published in October 2020. PRA published answers where the questions it received highlight a need to clarify the reporting instructions or rules, with the new or updated Q&A appearing in italics. The answers provide firms with options for meeting the PRA expectations, but it is not a PRA expectation that firms must report in line with the answers. Additionally, in a letter to the Environmental Audit Committee, BoE informed that the COVID Corporate Financing Facility (CCFF) scheme closed to new applications on December 31, 2020 and will close to new borrowing in March 2021, with all borrowings due for repayment by March 2022.
Keywords: Europe, UK, Banking, Q&A, Branch Return Form, Reporting, CCFF, COVID-19, PRA, BoE
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The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
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The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
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