Michael LewisThe PRA has confirmed changes to the retail deposits threshold for application of the leverage ratio requirement. The threshold increases from £50bn to £75bn on 1 January 2026 and there will also be a three-year averaging mechanism for calculating retail deposits.
The changes are in the Leverage Ratio (CRR) Part of the Rulebook and in an amended SS45/15.
Any modifications by consent that firms currently work under will cease to apply on 30 June 2026.