UK Prudential Regulator Launches Consultation on Revisions to Pillar 2 Liquidity Reporting Frequency

The U.K. Prudential Regulatory Authority has launched a consultation on amending the frequency with which firms must submit reports using the PRA’s liquidity reporting template. The obligation to make a report using the "PRA 110" template comes into force on July 1, 2019 and obliges firms with total assets equal to or greater than €30bn to report details of their liquidity on a monthly basis, or, in the event of specific liquidity or market stress, on a weekly basis. The proposals will introduce a further threshold for banks with total assets of £5bn or more, which will need to submit a PRA 110 report on every business day for as long as there is a liquidity or market stress applicable to the bank in question. Consequential amendments would also be made to the PRA’s Supervisory Statement 24/15 to align with the proposed threshold.
 
The consultation closes on September 27, 2019. The proposed implementation date for the proposals set out in the Consultation Paper is May 1, 2020.
 
View the PRA's Consultation Paper.
 
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