4.1 In CP14/21, the PRA proposed to comply with the FPC's proposed direction by amending PRA rules and Supervisory Statements (SS). Separately, the PRA also proposed to change PRA rules to reflect new international standards, notably in the definition of the leverage exposure measure and in reporting and disclosure requirements, and to transfer Part Seven of the CRR, and associated CRR reporting and disclosure requirements, into the PRA Rulebook pursuant to the provisions of the Financial Services Act 2021.
4.2 A summary of the PRA's changes can be found in Chapter 1 of this PS. The table below describes the amended policy material:
Table 1 - Amended policy material
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Policy material |
Changes |
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PRA Rulebook |
The PRA has: • amended the Leverage Ratio Part of the PRA Rulebook, which has been renamed the Leverage Ratio - Capital Requirements and Buffers Part, in order to implement the FPC's proposed direction and to align it to other changes in the leverage ratio framework and ch |