PRA consults on CRR assimilated law

The PRA has published a consultation on how it plans to restate the relevant provisions from the assimilated CRR into the PRA Rulebook and other policy material. The changes would involve the creating of two new parts of the Rulebook, for Securitisation and Settlement Risk, would amend several other parts of the rules, supervisory statements and technical standards, and would introduce three new statements of policy. There will be little change to the substance of any of the provisions except in relation to the securitisation standardised approach, the capital treatment of retail residential mortgage loans and supervisory expectations on use of unfunded credit protection in certain securitisations.

Consultation closes on 15 January 2025.