knowCo

 
 
 
 

PILLAR 2A LIQUIDITY: PRA CP21/16 CALL TO ACTION

Our digest of CP21/16, the first of two PRA consultation papers on the new rules for Pillar 2 liquidity requirements, highlights the very clear calls to action around both cash flow mismatch and ‘double duty’ risks.

Click here to download a copy.

THE LCR TRAP (and how not to fall into it)

Some banks have fallen into the trap of focussing too much of their stress-testing and ILAAP processes on the LCR, to the detriment of demonstrating compliance with all aspects of the much wider Overarching Liquidity Adequacy Rule (OLAR) which is the PRA’s primary focus…

Click here to download a copy.

PILLAR 2A CAPITAL: PRA PS17/15, SS31/15 (as updated) and SS32/15

The PRA has now published its Policy and Supervisory Statements confirming the rules for the assessment and calculation of Pillar 2 capital for UK ICAAP purposes. The rules take effect on January 1st. Our Digest of this Policy Statement also incorporates the updated SS31/15 ‘The Internal Capital Adequacy Assessment Process and the Supervisory Review and Evaluation Process’ and SS32/15 ‘Pillar 2 reporting’.

Click here to download a copy.

WHISTLEBLOWING AND THE WHISTLEBLOWERS' CHAMPION: PRA PS24/25 and SS39/15, FCA PS15/24

The PRA and FCA have now published their Policy and Supervisory Statements on whistleblowing which begin to take effect early next year. In-scope firms need to have allocated their Whistleblowers' champion by March 2016.

Click here to download a copy.

EBA-PRA PILLAR 3 DISCLOSURE GUIDELINES

In June 2015, the PRA confirmed that firms are required to comply with EBA Guidelines on materiality, proprietary and confidentiality on disclosure frequency from 15 October 2015.

Click here to download a copy.