SS24/15 - The PRA’s approach to supervising liquidity and funding risks

Supervisory Statement 24/15

First published on 8 June 2015

This supervisory statement is relevant to UK banks, building societies and PRA UK-designated investment firms; third-country firms that are banks or designated investment firms; and European Economic Area (EEA) credit institutions that have a branch in the United Kingdom. It sets out the Prudential Regulation Authority’s (PRA’s) approach to supervising liquidity and funding risks, and covers its expectations in relation to:

  • the Internal Liquidity Adequacy Assessment Process;
  • the Liquidity Supervisory Review and Evaluation Process;
  • drawing down Liquid Asset Buffers;
  • collateral placed at the Bank of England; and
  • daily reporting under stress. 

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 4 September 2020. Effective from 4 September 2020.

This SS was updated following publication of PS20/20 ‘Responses to Chapters 2 to 7 of CP3/20 ‘Occasional Consultation Paper’’.

Past versions

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