Featured Product

    PRA Proposes Reporting Amendments to Pillar 2 Liquidity Framework

    March 18, 2019

    PRA proposed (CP6/19) regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK. This consultation closes on April 19, 2019. Additionally, PRA published version 4 of the PRA110 questions and answers (Q&As), which supersedes the version that was published on December 14, 2018.

    Following a review of the feedback received on PRA110 reporting template and instructions, PRA considers that updates to the template and reporting instructions are needed. In light of this and to reflect the  review of PRA, CP6/19 sets out proposals to make amendments to PRA110 template and instructions. PRA has also reviewed certain aspects of Pillar 2 liquidity and sets out proposals for updates to reporting requirements for non-EU European Economic Area banks; expectations under the supervisory statement SS24/15; the approach to cash flow mismatch risk; and the Regulatory Reporting Part of the PRA Rulebook. The proposed changes would be implemented through amendments to the following:

    • Regulatory Reporting Part of the PRA Rulebook (Appendix 1)
    • Statement of Policy on Pillar 2 liquidity (Appendix 2)
    • SS24/15 on approach to supervising liquidity and funding risks (Appendix 3)
    • SS34/15 on guidelines for completing regulatory reports (Appendix 4)
    • PRA110 reporting template (Appendix 5)
    • PRA110 reporting instructions (Appendix 6)

    The proposed implementation date for Annex A (as explained in Appendix 1 of CP6/19) in the draft PRA Rulebook is July 01, 2019. Additionally, the proposed implementation date for the updated PRA110 reporting template and instructions and for Annex B (as explained in Appendix 1 of CP6/19) in the draft PRA Rulebook is January 01, 2020. CP6/19 is relevant to UK banks, building societies, PRA-designated investment firms, and non-EU European Economic Area banks. 

     

    Related Links

    Comment Due Date: April 19, 2019

    Keywords: Europe, UK, Banking, Reporting, Pillar 2 Liquidity, CP6/19, PRA110, Q&A, Cash Flow Mismatch Risk, Liquidity Risk, Basel III, PRA

    Featured Experts
    Related Articles
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    News

    EBA Publishes Report on Asset Encumbrance of Banks in EU

    EBA published the annual report on asset encumbrance of banks in EU.

    January 18, 2021 WebPage Regulatory News
    News

    US Agencies Publish Updates for Call Reports, FFIEC 101, and FR Y-9C

    FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.

    January 15, 2021 WebPage Regulatory News
    News

    EBA Proposes Guidelines for Establishing Intermediate Parent Entities

    EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.

    January 15, 2021 WebPage Regulatory News
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6459