julho 22, 2020

Prudential Regulation Authority publishes PS17/20 and CP9/20

Prudential Regulation Authority publishes PS17/20 and CP9/20

22 July 2020

Responses to Occasional Consultation Paper 3/20 – Chapter 8: Securitisation: Updates to Significant Risk Transfer - PS17/20

This Prudential Regulation Authority (PRA) Policy Statement (PS) provides the final policy for Chapter 8 of Consultation Paper (CP) 3/20 ‘Occasional Consultation Paper – March 2020’ (see page 2 of 2). The PRA received no responses to this chapter of the consultation, and has made no changes to draft policy. However, it is taking the opportunity to update a footnote reference to include the date this SS is being updated.

This PS provides updates to Supervisory Statement 9/13 ‘Securitisation: Significant Risk Transfer’ (see Appendix).

This PS is relevant to Capital Requirements Regulation (CRR) firms.

The PRA will publish feedback and final policy for Chapters 2 to 7 of CP3/20 at a later date, as responses are still being considered.

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Non-systemic UK banks: The Prudential Regulation Authority’s approach to new and growing banks - CP9/20

In this consultation paper (CP), the Prudential Regulation Authority (PRA) sets out its proposed approach to supervising new and growing, non-systemic UK banks (collectively referred to as ‘banks’). All the proposals are clarifications of the PRA’s current supervisory approach with the exception of: (i) proposed changes to the calculation of the PRA buffer for new banks; and (ii) setting expectations in relation to solvent wind down plans.

This CP is primarily relevant to new and growing non-systemic UK Banks, though not all, as some firms in this category will have sufficient experience and resources to be able to move quickly to the standard expected of most established banks.