PRA PUBLISHES POLICY STATEMENT ON PILLAR 2A REQUIREMENTS AND DISCLOSURE


The PRA has today published a policy statement on Pillar 2A requirements and disclosure (PS30/17), which provides feedback to the responses to the consultation paper ‘Pillar 2A requirements and disclosure’ (CP12/17).

The PRA has also set out the final amendments to –

Taking into account the feedback received during the consultation period, the PRA has made a minor change from the draft SS to the Total Capital Requirement (TCR) disclosure expectation for sub-consolidated ring-fenced bodies (RFBs). This clarifies that the disclosure expectation for RFBs applies only at the sub-consolidated group level, and not at subsidiary or individual level.

Further adjustments to the SS and SoP have been made to reflect the change of terminology from individual capital guidance to TCR, and minor linguistic corrections. 


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National Law Review, Volume VII, Number 346