May 01, 2019

Systemic Risk Buffer rates for ring-fenced banks and large building societies

Systemic Risk Buffer rates for ring-fenced banks and large building societies

1 May 2019
The PRA is required by the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 as amended by Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) Regulations 2015 (Part 5A) to set Systemic Risk Buffer (SRB) rates for ring-fenced banks (RFBs) and large building societies from 1 January 2019 by applying the Financial Policy Committee (FPC)’s framework for the SRB.
The PRA has set out its approach to the implementation of the SRB in 'The PRA’s approach to the implementation of the systemic risk buffer' (December 2018).
Systemic Risk Buffer rates applicable from 1 August 2019