Insights
Streamlining regulatory reporting through Suade - BEEDS Accreditation program
The Bank of England's Electronic Data Submission (BEEDS) portal plays a central role in managing formal regulatory and statistical data submissions between PRA-authorised firms and the Bank of England. Firms authorised by the Prudential Regulation Authority (PRA) to accept deposits in the UK are required to submit various
Trump 2.0: what's next for financial regulation and Basel endgame
With his decisive win, President-Elect Trump has the potential to influence a broad spectrum of policy areas, from the economy to various regulatory rules and directives. As expectations grow for significant regulatory changes, his administration is set to advance a pro-business agenda that prioritises reduced oversight and altered compliance requirements.
PRA publishes second policy statement on Basel 3.1 and proposals for the Strong and Simple capital regime
PRA publishes second policy statement on Basel 3.1 and proposals for the Strong and Simple capital regime On 12th September 2024, the Prudential Regulation Authority (PRA) issued its second near-final policy statement on Basel 3.1, detailing reforms related to credit risk, the output floor, and reporting and disclosure
PRA Strong & Simple Regime: Transforming Regulatory Reporting for Smaller Firms
In today's rapidly evolving financial landscape, building societies are under increasing pressure to comply with ever-changing regulatory requirements. Traditional methods of regulatory reporting, often characterised by manual processes and disjointed data management, are becoming unsustainable. However, the emergence of digital processes and data-centric approaches is revolutionising how building
PRA110
The PRA110 Cash Flow Mismatch report was introduced by the Prudential Regulation Authority (PRA) on July 1, 2019, with the primary purpose of enhancing the PRA’s Pillar 2 liquidity framework. Replacing the older FSA047 and FSA048 reports, it closely aligns with the European Banking Authority’s (EBA) Additional Liquidity
Net Stable Funding Ratio (NSFR)
The Net Stable Funding Ratio (NSFR) measures the stability of a financial institution’s medium and long-term funding and is a key metric in managing its liquidity and funding risks. It is designed to assess whether longer term assets on a bank’s balance sheet can be covered sufficiently by
Leverage Ratio
The leverage ratio is a measure which allows for the assessment of institutions’ exposure to the risk of excessive leverage. It is a simple, non-risk based approach calculated as Tier 1 capital divided by the total exposure measure, consisting of both on-balance sheet and off-balance sheet items, and is supplementary
Liquidity Coverage Ratio (LCR)
The LCR is a requirement under Basel III and is designed to ensure that banks hold a sufficient reserve of high-quality liquid assets (HQLA) to allow them to survive a period of significant liquidity stress lasting 30 calendar days. The supervisory scenario capturing the period of stress combines elements of
Financial Reporting (FINREP)
FINREP, or Financial Reporting, is a regulatory framework established by the European Banking Authority (EBA) (and since adopted by the Prudential Regulatory Authority (PRA)) to harmonize financial reporting for banks and financial institutions across the EU and the UK. As part of the Capital Requirements Directive IV (CRD IV) package,
Asset encumbrance
The Asset encumbrance (AE) report is designed to provide transparency into the extent to which an institution’s assets are pledged as collateral, impacting its liquidity and financial stability. Its primary purpose is to help regulators, investors, and management assess the institution’s liquidity risk and financial health by detailing