PRA updates on large exposures changes

The PRA has published its policy statement on some changes to its Large Exposures Part of the Rulebook. The changes relate to:

• exposures arising from mortgage lending;
• exempting exposures to the UK deposit guarantee scheme;
• stricter requirements for exposures of G-SIIs and O-SIIs to certain French counterparties; and
• groups of connected clients.

It will respond on the other proposed changes next year.