Latest structural reform updates
5 December 2018: We published Policy Statement 30/18 ‘Regulatory reporting: Responses to CP16/18’, updated SS34/15 ‘Guidelines for completing regulatory reports’ and SS32/15 ‘Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082, and PRA 111’. This includes links to templates and instructions which have been updated to reflect their application to ring-fenced bodies, also available on the Regulatory reporting – banking sector page.
26 November 2018: We published ‘From construction to maintenance: patrolling the ring-fence’ a speech by James Proudman, Executive Director of UK Deposit Takers Supervision, about ring-fencing and its implications for the banks and the PRA.
22 November 2018: We published Consultation Paper 29/18 ‘The systemic risk buffer: Updates to the Statement of Policy’. Given the minor nature of the proposed updates, this consultation closes on Thursday 6 December 2018.
14 November 2018: We published Policy Statement 28/18 ‘UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer’. This includes:
- final rules for the Leverage Ratio, Public Disclosure, Reporting Leverage Ratio, and Ring-fenced Bodies Parts of the PRA Rulebook;
- updated Supervisory Statement (SS) 45/15 ‘The UK leverage ratio framework’;
- updated SS46/15 ‘UK leverage ratio: instructions for completing data items FSA083’; and
- FSA083 Leverage Ratio Reporting template, and reporting instructions, available on the Regulatory reporting – banking sector webpage.
We have also published ‘Additional Leverage Ratio Buffer Model Requirements’ on the SS45/15 webpage.
The changes to the rules and expectations, and all other materials published today, will take effect from Tuesday 1 January 2019.
31 October 2018: We published the ‘Ring-fencing: Summary of regulatory reporting requirements’ pack which summarises the new regulatory reporting, and reporting system requirements in relation to ring-fencing. The pack is aimed at UK banking groups in scope of structural reform requirements that will be required to submit ring-fencing regulatory returns from 1 January 2019.