PRA Regulatory Digest - February 2022

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
Published on 01 March 2022

Top news and publications

  • CP2/22 – Definition of capital: updates to PRA Rules and supervisory expectations

Banking publications and updates

CP2/22 – Definition of capital: updates to PRA Rules and supervisory expectations

7 February 2022

This Consultation Paper (CP) sets out the PRA’s proposed approach to transferring the UK Technical Standards for own funds requirements for institutions into PRA rules, with amendments to reflect revisions to the Capital Requirements Regulation (‘CRR’) which applied from 27 June 2019.

The proposals in this CP would amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and SS7/13.

This CP is relevant to banks, building societies, PRA-designated investment firms and PRA-approved, or PRA-designated, financial or mixed financial holding companies.

Also in the month

10 February 2022

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.

Bank Overground - the purpose of Bank Overground is to share our internal analysis. Each bite-sized post summarises a piece of analysis that supported a policy or operational decision.

KnowledgeBank - from interest rates and inflation through to bank failures and financial crises, KnowledgeBank uses everyday examples and engaging visuals to bring economics to life.

European and international developments - readers are also referred to the following websites:

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