Prudential Regulation Authority publishes PS2/20 Pillar 2 capital: Updates to the framework

Prudential Regulation Authority publishes PS2/20 Pillar 2 capital: Updates to the framework 23 January 2020 This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback to responses to Consultation Paper (CP) 5/19 ‘Pillar 2 capital: Updates to the framework’ (see page 2 of 2). The PS contains the final amendments to the Pillar 2 framework and the updates to the following Statement of Policy (SoP) and Supervisory Statements (SS):   SoP ‘The PRA’s methodologies for setting Pillar 2 capital’, (Appendix 1); SS31/15 ‘The Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP)’, (Appendix 2); and SS6/14 ‘Implementing CRD IV: Capital buffers’, (Appendix 3). This PS is relevant to PRA-authorised banks, building societies and PRA-designated investment firms (firms). It is not relevant to credit unions, insurance and reinsurance firms.  Read more Also published today Letter from Sarah Breeden and David Bailey ‘Removal of bespoke liquidity risk appetite’ Letter to Chief Financial Officers of PRA Regulated UK Deposit Takers and International Banks Read more