Update 9 April 2020: With support from the Financial Policy Committee, we published a statement on the ‘PRA decision on Systemic Risk Buffer rates’, in response to the Covid-19 outbreak.
Update 17 December 2019: The PRA has reviewed firms’ SRB rates in line with its commitment in ‘The PRA’s approach to the implementation of the Systemic Risk Buffer’ and has decided to keep firms’ SRB rates unchanged. This means the rates published below on Wednesday 1 May 2019 still apply.
The PRA is required by the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 as amended by Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) Regulations 2015 (Part 5A) to set Systemic Risk Buffer (SRB) rates for ring-fenced banks (RFBs) and large building societies from 1 January 2019 by applying the Financial Policy Committee (FPC)’s framework for the SRB. The PRA has set out its approach to the implementation of the SRB in 'The PRA’s approach to the implementation of the systemic risk buffer' (December 2018).
Published on 1 May 2019
This document sets out the Systemic Risk Buffer rates applicable from 1 August 2019.