PRA consults on liquidity, disclosure and proportionality

BoE/PRA has issued consultations on:

  • liquidity and disclosure requirements for simpler-regime firms. The changes, the first in a set of changes aimed at helping firms deemed to fall within scope, would:
    • set new liquidity arrangements for application of the net stable funding ratio;
    • revise the application of Pillar 2 liquidity add ons;
    • create a streamlines ILAAP template;
    • remove certain liquidity reporting templates;
    • set new Pillar 3 disclosure requirements; and
    • simplify some existing proportionality approaches; and
  • remuneration for small firms. This proposes changes to the Remuneration Part of the PRA Rules and SS2/17. It complements the ongoing consultation on the bonus cap and will, among other things:
    • remove the requirement for small firms to apply rules on malus, clawback and buyouts; and
    • clarify how disclosure requirements apply for all proportionality levels.

Comments are due by 30 May

Emma Radmore