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Showing 1 - 10 of 1120 matches filtered by 'PRA'

  • PRA: “Dear CEO” letter: Building societies sourcebook – fixed rate lending guidelines

    11/08/2020
    PRA has published the text of a letter sent to CEOs of non-systemic building societies, following a request from the Building... Societies Association. PRA has agreed to suspend the relevant guidance levels on fixed rate lending limits in the sourcebook for an initial period of six months, running from 1 August 2020 to 31 January 2021. The only proviso set by PRA is to limit any self-administered extension to 10% above the lower of the sourcebook benchmark or the society’s current limit, and it still expects boards to undertake the appropriate risk assessment before undertaking any such change. Societies are also asked to inform PRA of any changes made in this respect, to include sight of the relevant board minutes.
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  • PRA: PS19/20: FSCS – temporary high balance coverage extension

    04/08/2020
    Further to CP2/20, this PS provides feedback and final policy, including an updated SoP (deposit guarantee scheme). The rule change... and updated SoP will be effective on 6 August 2020. Coverage for temporary high balances will revert to six months from 1 February 2021.
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  • PRA: Regulatory digest

    03/08/2020
    PRA has published the July 2020 digest.
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  • PRA: CP12/20: CRD V

    31/07/2020
    The CP sets out proposed changes to PRA's rules, supervisory statements and statements of policy in order to implement elements... of CRD V. Responses are required by 30 September 2020.
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  • PRA: Banking supervisory disclosures

    31/07/2020
    PRA has published materials relating to rules and guidance, options and discretions, SREP and aggregate statistical data in line with CRD... IV and Implementing Regulation 650/2014.
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  • PRA: CP11/20: Solvency II: PRA’s expectations for the work of external auditors on the matching adjustment

    30/07/2020
    The CP sets out PRA’s proposed expectations and guidance relating to auditors’ work on the matching adjustment. PRA also proposes... several new expectations that relate to the communication by auditors on the subject of the matching adjustment. PRA proposes that the changes take effect from 31 December 2020. Responses are required by 30 October 2020.
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  • ECB/PRA: Dividend payments and share buy-backs

    28/07/2020
    ECB has asked banks not to pay dividends and not to buy back shares until January 2021. It expects banks... to exercise extreme moderation on variable remuneration to conserve capital in crisis and has clarified the expected pace for banks to restore capital and liquidity positions. PRA notes ECB’s statement and states that it will assess firms’ distribution plans beyond the end of 2020 in Q4 2020. The assessment will be based on the current and projected capital positions of the banks and will take into account the level of uncertainty on the future path of the economy and other factors prevailing at that time.
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  • PRA: EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the Covid-19 outbreak

    28/07/2020
    PRA’s statement provides guidance to all PRA-regulated firms on these guidelines. It includes disclosure templates.
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  • PRA: PS18/20: Asset encumbrance

    27/07/2020
    Further to CP24/19, PRA has published feedback and final policy, which includes the following updated Supervisory Statements: SS9/17 (Recovery planning); SS20/15... (Supervising building societies’ treasury and lending activities and SS24/15 (The PRA’s approach to supervising liquidity and funding risks). The policy comes into force on 27 July 2020.
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  • PRA: Branch Return

    17/07/2020
    Further to CP8/19 and PS17/19 (Supervising international banks – revision of the Branch Return), PRA has responded to queries from firms... regarding the template and reporting instructions by publishing this Q&A document.
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