Emma RadmorePRA is consulting on new rules that will exclude reserves held on omnibus accounts (where the central bank reserves of several participants are comingled in a single account) from the leverage ratio, and consequential changes to its supervisory statements and disclosure and reporting instructions. PRA considers that reserves held on these accounts should be excluded from the leverage ratio in the same way traditional individually-held reserves are excluded.
Consultation closes on 8 April 2024, and PRA wants to implement the new rules during Q2 2024.