This policy statement (PS) publishes the feedback, final rules and supervisory statements to implement the proposals in the PRA's consultation paper (CP) for CRDIV updates for credit risk mitigation, credit risk, governance and market risk (CP12/14).

This PS covers the proposals in CP12/14 subject to a one-month consultation period, which closed on 8 August 2014.

The following changes are made to PRA policy: