General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
July 12, 2018

PRA has provided additional information on the timing and basis of interim reporting for the introduction of PRA110, following its e-mail to the participating firms. Data submissions for the testing period will commence with end-October 2018 data being collected in November 2018.

During this time, PRA110 should be submitted with the existing FSA047 and FSA048 returns. Firms currently reporting FSA047 and FSA048 on a monthly basis should report the PRA110 as at the calendar month end. The submission is due within 15 business days of the reporting date. Firms currently reporting FSA047 and FSA048 on a weekly basis should report the PRA110 once per month, with reporting data as at the last Friday of the month (in line with the FSA047 and FSA048 returns). The submission is due within 15 business days of the calendar month end. Firms should submit the PRA110 on the following reporting basis:

  • Submit on an all-currency basis and for the three single largest material currencies, or fewer if appropriate
  • Submit PRA110 only for material UK subsidiaries (these will be selected in consultation with firms’ supervisors)

This will enable firms to assess their own internal processes for the production of the PRA110 returns; assess that in-scope submissions pass the Gabriel blocking validation rules; and demonstrate the accuracy of their PRA110 data ahead of FSA047 and FSA048 being switched off. To assist firms with their submission of PRA110, PRA published v3.0.0 of its XBRL taxonomy, data point model (DPM), and related technical artefacts on April 20, 2018. PRA intends to have firms submit the PRA110 returns in the XBRL format via Gabriel.

In Policy Statement 2/18 titled “Pillar 2 liquidity,” PRA introduced methodologies for the assessment of Pillar 2 liquidity risks and a cash flow mismatch risk (CFMR) framework. PRA110 is the new reporting template associated with the CFMR. On January 17, 2018, PRA set out that, due to the postponement of the introduction of the PRA110 from January 01, 2019 to July 01, 2019, the interim reporting period would similarly be postponed until September 2018 at the earliest. Specific firms have been contacted to let them know of the PRA intention to commence interim test reporting of the PRA110 and to request the participation of these firms.

 

Related Link: PRA Statement and Related Documents

Keywords: Europe, UK, Banking, Reporting, PRA110, Cash Flow Mismatch Risk, PRA

Related Insights
News

BCBS Finds Liquidity Risk Management Principles Remain Fit for Purpose

BCBS completed a review of its 2008 Principles for sound liquidity risk management and supervision. The review confirmed that the principles remain fit for purpose.

January 17, 2019 WebPage Regulatory News
News

MAS Guidelines on Risk Mitigation Requirements for OTC Derivatives

MAS published guidelines on risk mitigation requirements for non-centrally cleared over-the-counter (OTC) derivatives contracts.

January 17, 2019 WebPage Regulatory News
News

HKMA Urges Local Banks to Start Working on FRTB Implementation

HKMA announced that it plans to issue a consultation paper on the new market risk standard in the second quarter of 2019.

January 17, 2019 WebPage Regulatory News
News

EBA Finalizes Guidelines for High-Risk Exposures Under CRR

EBA published the final guidelines on the specification of types of exposures to be associated with high risk under the Capital Requirements Regulation (CRR). The guidelines are intended to facilitate a higher degree of comparability in terms of the current practices in identifying high-risk exposures.

January 17, 2019 WebPage Regulatory News
News

BoE Publishes the Schedule for Statistical Reporting for 2019

BoE published the updated schedule for statistical reporting for 2019. The reporting institutions use the online statistical data application (OSCA) to submit statistical data to BoE.

January 16, 2019 WebPage Regulatory News
News

PRA Delays Final Direction on Reporting of Private Securitizations

PRA and FCA have delayed the issuance of final direction, including the final template, on reporting of private securitizations, from January 15, 2019 to the end of January 2019.

January 15, 2019 WebPage Regulatory News
News

SNB Updates Forms on Supervisory Reporting for Banks

SNB published Version 1.7 of reporting forms (AUR_U, AUR_UEA, AUR_UES, AURH_U, AUR_K, AUR_KEA, and AURH_K) and the related documentation for supervisory reporting on an individual and consolidated basis.

January 15, 2019 WebPage Regulatory News
News

BCBS Finalizes Market Risk Capital Framework and Work Program for 2019

BCBS published the final framework for market risk capital requirements and its work program for 2019. Also published was an explanatory note to provide a non-technical description of the overall market risk framework, the changes that have been incorporated into in this version of the framework and impact of the framework.

January 14, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for January 2019

EBA published answers to 13 questions under the Single Rulebook question and answer (Q&A) updates for this week.

January 11, 2019 WebPage Regulatory News
News

PRA Proposes to Amend Supervisory Statement on Credit Risk Mitigation

PRA published the consultation paper CP1/19 that is proposing changes to the supervisory statement (SS17/13) on credit risk mitigation.

January 10, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2473