SoP5/15 – The PRA's methodologies for setting Pillar 2 capital

Confirmed as final in October 2021, following near-final future version published July 2021. Effective from 1 January 2022.

• SoP5/15 – The PRA's methodologies for setting Pillar 2 capital – January 2022 (PDF)

- Confirmed final by PS22/21 – Implementation of Basel standards. First published as near-final as part of PS17/21 – Implementation of Basel standards.

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Published 15 April 2021. Effective from 15 April 2021 (superseded on 1 January 2022 by January 2022 version).

• Statement of policy – The PRA’s methodologies for setting Pillar 2 capital – April 2021 (pdf)

- Following PS8/21 – Non-systemic UK banks: The Prudential Regulation Authority’s approach to new and growing banks

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Published 28 December 2020. Effective from 29 December 2020 (superseded on 15 April 2021 by April 2021 version). 

• Statement of policy – December 2020 (pdf 1.6MB)

- following PS29/20 – Capital Requirements Directive V (CRD V).

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Published on 24 February 2020. Effective from 24 February 2020 (superseded on 29 December 2020 by December 2020 version).

• Statement of policy – February 2020 (pdf 1.6MB)

- following PS3/20 – Responses to Occasional Consultation Paper 25/19 – Chapters 2 and 3.

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Published on 23 January 2020. Effective from 23 January 2020 (superseded on 24 February 2020 by February 2020 version).

• Statement of policy – January 2020 (PDF 2.2MB)

- following PS2/20 – Pillar 2 capital: Updates to the framework.

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Published on 30 April 2018. Effective from 1 January 2019 (superseded on 23 January 2020 by January 2020 version).

• Statement of policy – April 2018 (PDF 1.6MB)

- following PS9/18 – Groups policy and double leverage.

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Published on 30 April 2018. Effective from 1 October 2018 (superseded on 1 January 2019 by April 2018 version).

• Statement of policy – April 2018 (PDF 1.6MB)

- following PS8/18 – Pillar 2: Update to reporting requirements.

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Published on 12 December 2017. Effective from 1 January 2018 (superseded on 1 October 2018 by April 2018 version).

• Statement of policy – December 2017 (PDF 1.4MB)

- following PS30/17 – Pillar 2A capital requirements and disclosure.

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Published on 3 October 2017. Effective from 1 January 2018 (superseded on 12 December 2017 by December 2017 version).

• Statement of policy – October 2017 (PDF 1.4MB)

- following PS22/17 – Refining the PRA’s Pillar 2A capital framework.

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Published on 1 February 2017. Effective from 1 January 2019 (superseded on 1 January 2019 by April 2018 version).

• Statement of policy – February 2017 (PDF 1.4MB)

- following PS3/17 – The implementation of ring-fencing: reporting and residual matters – response to CP25/16 and Chapter 5 of CP36/16.

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Published on 7 July 2016. Effective from 1 January 2019 (superseded on 1 February 2017 by February 2017 version).

• Statement of policy – July 2016 (PDF 1.5MB)

- following PS20/16 – The implementation of ring-fencing: prudential requirements, intragroup arrangements and use of financial market infrastructures and supervisory statement 8/16 – Ring-fenced bodies (RFBs).

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Published on 29 July 2015 Effective from 1 January 2016 (superseded on 3 October by October 2017 version).

• Statement of policy – July 2015 (PDF 0.9MB)

- following PS17/15 – Assessing capital adequacy under Pillar 2.

First publication of SoP.