8.1 Should the FPC make the changes to the UK leverage framework set out in its consultation, the PRA proposes to comply by amending the PRA rules and Supervisory Statements (SS). Separately, the PRA is also proposing to change PRA rules to reflect new international standards, notably in the definition of leverage total exposure measure and in reporting and disclosure requirements; and to transfer Part Seven of CRR, and associated CRR reporting and disclosure requirements, into the PRA Rulebook pursuant to the provisions of the Financial Services Act 2021.
8.2 A summary of the proposals in this CP can be found in Chapter 1. The table below describes the policy material that would change as a result of these proposals:
Table 3 - Amended policy material
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Policy material |
Proposals |
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PRA Rulebook |
The CP proposes to: • amend the Leverage Ratio Part of the PRA Rulebook, which would be renamed the Leverage Ratio - Capital Requirements and Buffers Part, in order to implement the |