Laura WilesThe PRA has issued its final policy�amending the UK capital buffers framework, which includes streamlining of policy materials to enhance usability and clarity.
The changes to the framework have been implemented as proposed, and include:
- statement of policy on the PRA�s approach to identifying global systemically important institutions (G-SIIs) and setting G-SII buffers;
- amendments to SoP � the PRA�s approach to identifying other systemically important institutions (O-SIIs);
- amendments to SoP � the PRA�s approach to the implementation of the O-SII buffer;
- reporting instructions for the purpose of identifying and assigning GSII buffer rates;
- PRA Standards Instrument: The Technical Standards (specification of the methodology for the identification of Global Systemically Important Institutions) Instrument 2025; and
- PRA Rulebook: CRR firms: capital buffers (consequential amendments) instrument 2025.
The updated framework will come into effect on 31 July 2025.