14.1 This chapter sets out the PRA's proposals to update PRA supervisory reporting requirements for the leverage ratio and buffers, reflecting the proposals set out elsewhere in this CP to implement Basel standards and to simplify the UK's leverage ratio framework.
14.2 These proposals would amend the Reporting (CRR) Part of the PRA Rulebook and delete the Reporting Leverage Ratio Part of the PRA Rulebook in order to remove duplicative reporting requirements.
14.3 The PRA has considered how to update the leverage reporting framework in line with international standards in a proportionate manner that best serves financial stability, is consistent with the existing reporting requirements, and that firms can implement efficiently. The PRA has been mindful of the need to do so in a way that also maintains precision in the requirements and control over the quality of submitted data, including the direct relationships between data points and regulatory definitions, and validation rules to en
…