PRA Releases PRA110 LMM Tool Under Pillar 2 Liquidity Framework
PRA published Version 1 of the PRA110 liquidity metric monitor tool (PRA110 LMM tool), as part of its work on the Pillar 2 liquidity framework. It is for information only and must not be used to submit regulatory returns required by the rules. This tool is designed to demonstrate some of the metrics PRA calculates using the information from PRA110.
The PRA110 LMM tool may be updated after the publication of the final policy, following the finalization of the consultation (CP6/19) on updates to the Pillar 2 liquidity framework, if required, to align with an updated PRA110 reporting template. PRA110 LMM tool is being published to assist firms in the same way as the liquidity metric monitor (LMM) for FSA047 and FSA048.
Implementation of PRA110 and commencement of dual reporting period with FSA047 and FSA048 will begin on July 01, 2019. During the dual reporting period, the LMM tool for FSA047 and FSA048 will continue to apply. Firms are advised to continue to familiarize themselves with the policy, template, and instructions. Firms are also reminded to refer to the most recent questions and answers (Q&As) on the template and instructions and submit any questions that are not covered to their PRA supervisor.
Related Links
Keywords: Europe, UK, Banking, Reporting, Pillar 2 Liquidity, PRA 110, Q&A, PRA 110 LMM Tool, FSA047, FSA048, Liquidity Risk, PRA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Karen Moss
Senior practitioner in asset and liability management (ALM) and liquidity risk who assists banking clients in advancing their treasury and balance sheet management objectives
Related Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.