Published on 9 December 2020. Effective from 11.00pm 31 December 2020.
We published the ‘Additional Leverage Ratio Buffer Model Requirements’, which replaces the previous ‘Additional Leverage Ratio Buffer Model Requirements’ from 11pm Thursday 31 December 2020. The changes mirror the EU exit related amendments to the Leverage Ratio framework, which we consulted on in Consultation Paper (CP) 13/20 ‘UK withdrawal from the EU: Changes before the end of the transition period’. They are in respect of the level of application provisions, and match the changes to Chapter 2 (Basis of Application) of the Leverage Ratio Part of the Rulebook.
As described in PS26/20 (Capital Requirements Directive V (CRD V)), the PRA has exercised its own initiative powers under s55M(3) and s55Y(4) FSMA to implement the changes to (i) the Capital Buffers and Pillar 2A Model Requirement and (ii) the Additional Leverage Ratio Buffer Model Requirements, as well as, for those firms subject to it, to replace references to the Systemic Risk Buffer with references to the O-SII Buffer. All firms have received Own Initiative Requirement notices from December 2020 to that effect. The text of the current Capital Buffers and Pillar 2A Model Voluntary Requirement (VREQ) and Additional Leverage Ratio Buffer Model Requirements is available on the Bank of England website.
Published on 9 December 2020. Effective from 29 December 2020 until 11.00pm 31 December 2020.
We published the ‘Additional Leverage Ratio Buffer Model Requirements’, which replaces the previous ‘Additional Leverage Ratio Buffer Model Requirements’ from Tuesday 29 December 2020 until 11pm Thursday 31 December 2020. The changes reflect certain Capital Requirements Directive V (CRD V) changes we consulted on for CRD V transposition. Specifically, we replace references to the ‘Systemic Risk Buffer (SRB) additional leverage ratio buffer’ with references to the ‘Other Systemically Important Institutions (O-SII) additional leverage ratio buffer’. This reflects that, for the risk-weighted capital requirements, the SRB is being replaced by the O-SII buffer.
Published on 14 December 2018. Effective from 1 January 2019 until 28 December 2020.
The PRA published the ‘Additional Leverage Ratio Buffer Model Requirements’, which replaces the previous ‘Additional Leverage Ratio Buffer Model Requirements for G-SIIs’ from 1 January 2019.
Published on 17 December 2015. Effective from 17 December 2015 until 1 January 2019.
On 17 December, the PRA published the ‘Additional Leverage Ratio Buffer Model Requirements for G-SIIs.