Banking publications and updates
PS15/19 ‘Resolution assessment and public disclosure by firms’
30 July 2019
This PS provides feedback to responses to the PRA’s CP31/18 ‘Resolution assessment and public disclosure by firms’. CP31/18 was published as part of a joint package of proposals on the Resolvability Assessment Framework (RAF), together with the Bank of England’s (Bank) consultation on ‘The Bank of England’s approach to assessing resolvability’.
This PS also contains the PRA’s final policy:
This PS is relevant to UK banks and building societies with retail deposits equal to or greater than £50 billion on an individual or consolidated basis, as at the date of their most recent annual accounts (‘in-scope firms’).
Please note: PS15/19 was published as part of the ‘Bank of England and Prudential Regulation Authority finalise the Resolvability Assessment Framework’.
PS14/19 ‘Credit risk mitigation: Eligibility of financial collateral’
23 July 2019
This PS provides feedback to responses to CP1/19 ‘Credit risk mitigation: Eligibility of financial collateral’. It contains the updated SS17/13 ‘Credit risk mitigation’.
This PS is relevant to UK banks, building societies and PRA-designated UK investment firms that are subject to the Capital Requirements Regulation (575/2013) (CRR). It is not relevant to UK branches of firms in other European Economic Area (EEA) countries and non-EEA countries, or to insurance firms.
CP17/19 ‘Counterparty credit risk: Treatment of model limitations in banks’ internal models’
23 July 2019
This CP sets out the PRA’s proposed changes to SS12/13 ‘Counterparty Credit Risk’ to clarify expectations regarding the treatment of model limitations and assumptions under Part Three, Title II, Chapter 6 (counterparty credit risk) of the Capital Requirements Regulation (575/2013) (CRD).
The CP is relevant to all firms to which CRD IV applies.
This consultation closes on Friday 25 October 2019.
- CP17/19 ‘Counterparty credit risk: Treatment of model limitations in banks’ internal models’
CP15/19 ‘Large exposures: Reciprocation of French measure’
16 July 2019
In this CP, the PRA sets out its proposal to apply a tighter limit for large exposures to certain French non-financial corporations, to reciprocate the same measure imposed by France. The proposal would be effected through amendments to the Large Exposures Part of the PRA Rulebook (see Appendix 1).
The proposed measure applies on a consolidated basis to firms identified by the PRA as global systemically important institutions (G-SIIs) and other systemically important institutions (O-SIIs), under the Capital Requirements Directive (2013/36/EU) (CRD) as implemented in the Capital Requirements (Capital Buffers and Macro-prudential measures) Regulations 2014. This CP is therefore relevant to such firms and their subsidiaries.
This consultation closes on Friday 6 September 2019.
Public working draft (PWD) of version 3.2.0 of the Bank of England Banking XBRL taxonomy
16 July 2019
The PRA published a public working draft (PWD) of version 3.2.0 of the Bank of England Banking XBRL taxonomy to support collection of PRA110 reporting, alongside related technical artefacts. The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules represent the requirements for Pillar 2 liquidity PRA110 reporting. The PRA aims to publish the updated Banking XBRL taxonomy by the end of September 2019. See the Taxonomy section of the Regulatory reporting – banks, building societies and investment firms page for more information.
Reminder to firms the 1 July implementation of PRA110 and the dual reporting period
16 July 2019
Firms are reminded of the 1 July implementation of PRA110 and the dual reporting period with FSA047 and FSA048 has now started. GABRIEL schedules have been updated to reflect this and the FSA047 and FSA048 schedules will be brought in line with the new PRA110 schedules. For the full update see the ‘Reporting of PRA110’ section on the Regulatory reporting – banks, building societies and investment firms page.
PRA Conference for Chairs of Non-Systemic UK Banks and Building Societies
9 July 2019
Melanie Beaman, Director of UK Deposit Takers Supervision hosted a conference for the Chairs of the Non-Systemic UK Banks and Building Societies on Tuesday 2 July 2019.