SS10/13 - Credit risk - standardised approach

First published on 19 December 2013

This supervisory statement sets out the Prudential Regulation Authority’s (PRA’s) expectations in respect of certain aspects of a firm's application of the standardised approach to credit risk.

• exposures to institutions;
• third country equivalence;
• the monetary threshold for retail exposures;
• Ijara mortgages;
• buy-to-let mortgages; 
• exposures in default;
• items associated with particularly high risk; and
• the interim mapping of external credit assessments to credit quality steps.

Current version

Published on 14 May 2020. Effective from 1 January 2022.

• Supervisory Statement 10/13 – May 2020 (PDF)

- following PS12/20 'Responses to Occasional Consultation Paper 25/19 – Chapter 5: Retirement interest-only mortgages’ and PS11/20 ‘Credit risk: Probability of Default and Loss Given Default estimation’. 

Future version

Published on 20 January 2026. Effective from 1 January 2027.

• Supervisory statement 10/13 – January 2026 (PDF)

- Following PS1/26 – Implementation of Basel 3.1: Final rules