As part of the legislative package implementing the recommendations of the Independent Commission on Banking in the UK, the FPC is required to produce a framework for a systemic risk buffer (SRB) for ring-fenced banks and large building societies.
The SRB is one of the elements of the overall capital framework for UK banks and building societies as set out by the FPC in its publication ‘The framework of capital requirements for UK banks’, which was published alongside the December 2015 Financial Stability Report.
The SRB will be applied to individual institutions by the Prudential Regulation Authority (PRA) and will be introduced at the same time ring-fencing comes into force in 2019.
Published on
26 May 2016
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