Michael LewisThe PRA is consulting on Phase 1 of its Pillar 2A capital review. The paper focuses on how the PRA will address the consequential impacts of the near-final PRA rules implementing Basel 3.1, and also includes proposals to improve information, guidance and transparency for firms. Other proposed changes look to� improve the proportionality of regulation.
The changes address:
- credit risk
- operational risk
- pension obligation risk and
- market and counterparty credit risk.
Consultation closes on 5 September.