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