Published on 13 December 2018
Overview
This Prudential Regulation Authority (PRA) Policy Statement (PS) provides the PRA’s final Statement of Policy (SoP) (see Appendix) following Consultation Paper (CP) 29/18 ‘The systemic risk buffer: Updates to the Statement of Policy’.
The PS is relevant to ring-fenced bodies within the meaning of section 142A of the Financial Services and Markets Act 2000 (FSMA) and large building societies that hold more than £25 billion in deposits (where one or more of the account holders is a small business) and shares (excluding deferred shares) – jointly ‘SRB institutions’.
The PRA received no responses to the consultation.
Policy Statement 32/18Appendix: SoP ‘The PRA's approach to the implementation of the systemic risk buffer’
Published on 22 November 2018
Overview
In this consultation paper (CP) the Prudential Regulation Authority (PRA) proposes minor updates to its Statement of Policy ‘The PRA’s approach to the systemic risk buffer’ (the ‘SoP’).
The CP is relevant to ring-fenced bodies within the meaning of section 142A of the Financial Services and Markets Act 2000 (FSMA) and large building societies that hold more than £25 billion in deposits (where one or more of the account holders is a small business) and shares (excluding deferred shares) – jointly ‘SRB institutions’.
The CP proposes minor changes to the SoP.
Responses and next steps
This consultation closed on Thursday 6 December 2018. The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to CP29_18@bankofengland.co.uk.