PRA Publishes Supervisory Disclosures for Banking Sector
PRA disclosed information on its supervisory practices in the banking sector. The published disclosures cover rules and guidance, options and discretions, supervisory review and evaluation process (SREP), and aggregate statistical data as at December 31, 2018. The disclosed supervisory practices include the way in which each UK, as a member state, exercises the options and national discretions available in EU banking legislation and the general criteria and methodologies used by national authorities in the Supervisory Review and Evaluation Process (SREP).
PRA also submitted this information to EBA, in line with Article 143 of the Capital Requirements Directive (CRD IV) and the Commission Implementing Regulation 650/2014. This information is intended to enable a comparison of the approaches adopted by the competent authorities of different member states in EU. The published material is expected to be of primary interest to PRA-authorized banks, building societies, investment firms, and credit unions.
Related Links
- Notification
- EBA Supervisory Disclosure Data
- Annex 1 Rules and Guidance (XLSX)
- Annex 2 Options and Discretions (XLSX)
- Annex 3 SREP (XLSX)
- Annex 4 Aggregate Statistical Data as at December 31, 2018 (XLSX)
Keywords: Europe, UK, Banking, Supervisory Disclosures, SREP, Statistical Data, Options and Discretions, CRD IV, EBA, PRA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Dieter Van der Stock
IFRS subject matter expert; accounting authority; risk management specialist
Previous Article
OCC Streamlines and Consolidates Its Bank Supervision FunctionsRelated Articles
|
News
EU Amends IFRS 9 Rule, Changes Concern Interest Rate Benchmark ReformsEU published Regulation 2020/34 regarding the International Accounting Standard (IAS) 39 and International Financial Reporting Standards (IFRS) 7 and 9.
January 16, 2020
WebPage
Regulatory News
|
|
News
FDIC and OCC Issue Statement on Heightened Cyber Security RiskIn response to the heightened cyber-security risk facing the financial services industry and other critical business sectors, FDIC and OCC issued an interagency statement on heightened cyber-security risk.
January 16, 2020
WebPage
Regulatory News
|
|
News
BCRA Updates Regulation on Capital Requirements and Information RegimeBCRA updated the rules on minimum capital requirements for financial entities and on certain aspects of the information transparency regime for quarterly and annual supervision.
January 16, 2020
WebPage
Regulatory News
|
|
News
BoE and FCA Outline Next Steps for LIBOR Transition in 2020BoE, FCA, and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents that outline the LIBOR transition priorities and milestones for 2020.
January 16, 2020
WebPage
Regulatory News
|
|
News
BIS to Expand Central Bank MembershipBIS is to expand its central bank membership base and to increase collaboration in its work as a forum for international cooperation and as a hub for central banks and other financial authorities.
January 14, 2020
WebPage
Regulatory News
|
|
News
EIOPA Issues Technical Specifications for Market and Credit Risk StudyEIOPA published the technical specifications, including instructions, for the market and credit risk modeling comparative study for year-end 2019.
January 13, 2020
WebPage
Regulatory News
|
|
News
FED Publishes FAQs on Tailoring Rules for BanksFED released a letter announcing the publication of an initial set of frequently asked questions (FAQs) in response to questions from institutions.
January 13, 2020
WebPage
Regulatory News
|
|
News
IA of Hong Kong Publishes Stress Testing Scenarios in Relation to ORSAIA of Hong Kong published the prescribed scenarios for stress and scenario testing to be used by the authorized insurers conducting general insurance business.
January 13, 2020
WebPage
Regulatory News
|
|
News
ISDA Paper Examines Legal Aspects of Smart Contracts Using BlockchainISDA published a paper that discusses legal aspects of smart derivatives contracts that use the distributed ledger technology (DLT), which is also commonly known as the blockchain technology.
January 13, 2020
WebPage
Regulatory News
|
|
News
FDIC Letter on Submission of Call Reports by End of January 2020FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (Call Reports) for the December 31, 2019 report date must be submitted to the Central Data Repository of the relevant US agencies by January 30, 2020.
January 13, 2020
WebPage
Regulatory News
|
