SS16/13 - Large Exposures

Supervisory Statement 16/13

First published on 19 December 2013

This supervisory statement is aimed at firms to which CRD IV applies. It outlines the PRA’s expectations in relation to large exposures requirements within the CRR. It covers:

  • Applications to include undertakings within a core UK group (CRR Article 113(6)) and non-core large exposure group (CRR 400(2)(c))
  • Sovereign large exposures exemptions (CRR Article 400(2)(g or h)) and exposures to trustees.

This statement should be read in conjunction with the specified CRR articles, the requirements in the Large Exposures Part of the PRA Rulebook and the high-level expectations outlined in the PRA’s approach to banking supervision.

Future version

Near-final future version published July 2021. If confirmed final, this SS would be effective from Saturday 1 January 2022.

Published as near-final as part of PS17/21 ‘Implementation of Basel standards’.

Current version

Published on 28 June 2018. Effective from 1 January 2019.

- following PS14/18 ‘Changes to the PRA’s large exposures framework’.

Past versions

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