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On April 30,the UK Prudential Regulation Authority (PRA) published a policy statement regarding updates to the Pillar 2 reporting requirements of the EU Capital Requirements Regulation. The policy statement is relevant to banks, building societies and PRA-designated investment firms.
The policy statement refers to the following appendices:
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Appendix 1—final rules amending the Glossary, Regulatory Reporting Part, Reporting Leverage Ratio Part and Reporting Pillar 2 Part of the PRA Rulebook (available here);
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Appendix 2—final data item PRA111, which captures stress testing data currently included in a firm’s Internal Capital Adequacy Assessment Process documents (available here);
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Appendix 3—updated supervisory statement on Pillar 2 reporting (available here); and
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Appendix 4—updated statement of policy regarding the PRA’s methodologies for setting Pillar 2 capital (available here).
The final rules, updated supervisory statement and updated statement of policy will go into effect on October 1.
The PRA’s policy statement is accessible here.
