Top news and publications
- Update to the temporary approach to VAR back-testing exceptions to mitigate the possibility of excessively pro-cyclical market risk capital requirements
- PS19/20 ‘Financial Services Compensation Scheme – Temporary High Balance Coverage Extension’
Regulatory measures for firms in response to Covid-19
‘Update to the temporary approach to VAR back-testing exceptions to mitigate the possibility of excessively pro-cyclical market risk capital requirements’
27 August 2020
The PRA published ‘Update to the temporary approach to VAR back-testing exceptions to mitigate the possibility of excessively pro-cyclical market risk capital requirements’ following its previous ‘Statement on VAR back-testing exceptions temporary approach’, which was published on Monday 30 March 2020.
PRA statement on Covid-19: IFRS 9 and capital requirements – Further guidance as Covid-19 specific payment deferrals come to an end
26 August 2020
The PRA published a ‘Statement on Covid-19: IFRS 9 and capital requirements – Further guidance as Covid-19 specific payment deferrals come to an end’ clarifying the PRA’s approach to IFRS 9 and capital requirements in response to update FCA guidance on retail mortgage payment deferrals.
Banking publications and updates
Letter from Mel Beaman ‘Building societies sourcebook – fixed rate lending guidelines’
11 August 2020
In response to a request from the Building Societies Association, the PRA published a letter from Mel Beaman, Director for UK Deposit Takers: ‘Building societies sourcebook – fixed rate lending guidelines’.
PS19/20 ‘Financial Services Compensation Scheme – Temporary High Balance Coverage Extension’
4 August 2020
This PRA Policy Statement (PS) provides feedback to responses to Consultation Paper (CP) 6/20 ‘Financial Services Compensation Scheme – Temporary High Balances Coverage Extension’. It also includes final policy in the form of amendments to:
- the Depositor Protection Part of the PRA Rulebook (Appendix 1); and
- the updated Statement of Policy ‘Deposit Guarantee Scheme’ (Appendix 2).
This PS is relevant to retail financial consumers who are currently, or who may become, Temporary High Balance (THB) depositors. This PS is also relevant to the Financial Services Compensation Scheme (FSCS) and to all PRA-authorised deposit takers.
Your input and views on open PRA consultations and other requests closing in September 2020
14 September 2020
30 September 2020
30 September 2020
More information
Bank Underground - a blog for Bank of England staff to share views that challenge – or support – prevailing policy orthodoxies. The views expressed here are those of the authors, and are not necessarily those of the Bank of England or its policy committees.
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