The PRA has issued a statement providing guidance on the disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
It highlighted that UK banks and building societies that:
- are (or are controlled by) global systemically important institutions (G-SIIs) or other systemically important institutions (O-SIIs) designated by the PRA in the most recent list; and
- have retail deposits equal to or greater than £50 billion on an individual or consolidated basis
should make disclosures on Covid-19 lending for the highest level of consolidation in the UK for semi-annual disclosure periods ending on dates up to, and including, Thursday 31 December 2020.