September 12, 2018

PRA is proposing (in CP19/18) to update certain reporting requirements to reflect relevant proposals made by the EBA in its open consultations on changes to the implementing technical standards on supervisory reporting. The proposed changes are in line with the EBA consultation on Taxonomy 2.9. The consultation closes on December 12, 2018.

The consultation proposes a number of changes to the PRA reporting requirements as a result of the EBA proposals to update the implementing standards on supervisory reporting. The proposals in this consultation paper cover existing PRA reporting templates for ring-fenced banks (RFBs), statement of profit and loss, and forecast capital data (currently known as Capital+). The consultation also contains a proposal to extend the scope of new Financial Reporting (FINREP) templates to firms that are not required to report using FINREP templates under Article 99 of the Capital Requirements Regulation or CRR (EU Regulation 575/2013). This proposed extension consists of the non-performing loan (NPL) and forborne exposure templates contained in the EBA consultations. The proposed changes will enhance PRA reporting and maintain consistency with the EBA reporting requirements.

This consultation paper CP19/18 is relevant to UK banks and building societies. It is not relevant to PRA-designated UK investment firms, to UK branches of firms in other European Economic Area (EEA) countries and non-EEA countries, or to insurance firms. The consultation paper should be read with the open EBA consultations on changes to the implementing standards on supervisory reporting as well as the Regulatory Reporting Part of the PRA Rulebook and the Supervisory Statement SS34/15. Any modifications to the proposals made by EBA, following its consultation process, will be considered; where the amendments do not differ substantively from the proposals made in this consultation paper, these changes will be implemented by PRA in the form contained in the finalized implementing technical standards.

 

Related Links

Keywords: Europe, UK, Banking, Reporting, Taxonomy, CP19/18, EBA, PRA

Related Articles
News

FSB to Evaluate Effects of Too-Big-To-Fail Reforms for Systemic Banks

FSB is seeking feedback as part of its evaluation of the effects of the too-big-to-fail reforms for banks.

May 23, 2019 WebPage Regulatory News
News

APRA Releases Minor Changes to Reporting Standards on SA-CCR for Banks

APRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR).

May 22, 2019 WebPage Regulatory News
News

APRA on Industry Self-Assessments into Governance and Accountability

APRA released an information paper analyzing the self-assessments performed by 36 of the country’s largest banks, insurers, and superannuation licensees in response to the final report on the Prudential Inquiry into the Commonwealth Bank of Australia (CBA).

May 22, 2019 WebPage Regulatory News
News

PRA Consults on Maintenance of TMTP Under Solvency II

PRA published a consultation paper (CP11/19) that sets out its approach to update supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTP) under Solvency II.

May 22, 2019 WebPage Regulatory News
News

APRA Proposes to Amend Guidance on Residential Mortgage Lending

APRA is consulting on revisions to the prudential practice guide APG 223 on residential mortgage lending in Australia.

May 21, 2019 WebPage Regulatory News
News

IASB Proposes Improvements to IFRS 9 and IFRS 16

IASB published the exposure draft ED 2019/2 that proposes amendments to four IFRS standards, including IFRS 9 on Financial Instruments and IFRS 16 on Leases.

May 21, 2019 WebPage Regulatory News
News

Denis Beau of BDF on Supervisory Priorities for Climate-Change Risks

Denis Beau, the First Deputy Governor of BDF, delivered opening remarks at the BCBS-BSCEE-FSI High-level Meeting for Europe on banking supervision.

May 21, 2019 WebPage Regulatory News
News

ISDA CDM to be Deployed for UK Digital Regulatory Reporting Pilot

ISDA announced deployment of the ISDA Common Domain Model (ISDA CDM 2.0) to support the UK FCA, BoE, and participating financial institutions in testing phase two of the Digital Regulatory Reporting pilot for derivatives.

May 21, 2019 WebPage Regulatory News
News

MAS to Consolidate Regulation of Merchant Banks Under Banking Act

MAS published a consultation paper that proposes to consolidate the regulation of merchant banks under the Banking Act and to move merchant banks to a licensing regime under the MAS Act.

May 21, 2019 WebPage Regulatory News
News

ESAs Amend Technical Standards on Mapping of ECAIs Under CRR

ESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).

May 20, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3118