Banking publications and updates
PRA published 2018 list of systemically important institutions (O-SIIs) and global systemically important institutions (G-SIIs)
29 November 2018
The PRA published it’s 2018 list of UK firms designated as other systemically important institutions (O-SIIs), as required under the Capital Requirements Directive (2013/36/EU) (CRD) as implemented in the Capital Requirements (Capital Buffers and Macro-prudential measures) Regulations 2014.
In accordance with Article 131 of the Capital Requirements Directive (2013/36/EU) (CRD), the PRA also disclosed the 2018 list of UK headquartered Global Systemically Important Institutions (G-SIIs).
These buffers will apply from 1 January 2020. Both updates can be found on the Capital Requirements Directive webpage.
CP29/18 ‘The systemic risk buffer: Updates to the Statement of Policy’
22 November 2018
In the CP the PRA proposes minor updates to its Statement of Policy ‘The PRA’s approach to the systemic risk buffer’.
The CP is relevant to ring-fenced bodies within the meaning of section 142A of the Financial Services and Markets Act 2000 (FSMA) and large building societies that hold more than £25 billion in deposits (where one or more of the account holders is a small business) and shares (excluding deferred shares) – jointly ‘SRB institutions’.
Given the minor nature of the proposed updates, this consultation closes on Thursday 6 December 2018.
PS28/18 ‘UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer’
14 November 2018
This PS provides feedback to responses to CP14/18 ‘UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer’. It also contains the PRA’s final policy to update:
• The Leverage Ratio, Public Disclosure, Reporting Leverage Ratio, and Ring-fenced Bodies Parts of the PRA Rulebook (Appendix 1);
• SS45/15 ‘The UK leverage ratio framework’ (Appendix 2);
• SS46/15 ‘UK leverage ratio: instructions for completing data items FSA083’ (Appendix 3); and
• FSA083 Leverage Ratio Reporting template, and reporting instructions (Appendix 4).
This PS is relevant to those firms in scope of the UK leverage ratio framework that are also systemic risk buffer (SRB) institutions, or part of a group containing an SRB institution.
CP19/18 ‘Regulatory reporting: EBA Taxonomy 2.9’
12 November 2018
Paragraphs 3.7 and 3.8 have been updated to provide further information on the cost benefit analysis.
This consultation closes on Wednesday 12 December 2018.
PRA110 Q&As (version 2) published
9 November 2018
The PRA published version 2 of the PRA110 Q&As which has been updated to include responses on questions related to: technical implementation; the LCR weights; and memorandum items. This supersedes the version previously published on Friday 28 September 2018. The Q&As are in response to a number of additional questions from firms regarding the template and reporting instructions. For more information see the Interim reporting of PRA110 section.
IFRS 9 Roundtable for Non-Systemic Banks and Building Societies
8 November 2018
Melanie Beaman, Director of UK Deposit Takers, hosted an International Financial Reporting Standards (IFRS) 9 roundtable for non-systemic banks and building societies on Thursday 8 November 2018.
This roundtable was largely an opportunity for firms to talk to the PRA and share their experience regarding embedding IFRS 9 into their capital planning.