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ARTICLE · 16 JUNE 2015

UK Prudential Regulation Authority Publishes Final Rules On Approach To Regulating Liquidity

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On June 8, 2015, the PRA published a Policy Statement setting out the final rules on its approach to regulating liquidity under the CRR.

United KingdomFinance and Banking
A&O Shearman
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On June 8, 2015, the PRA published a Policy Statement setting out the final rules on its approach to regulating liquidity under the CRR. The Policy Statement provides feedback on the responses received by the PRA to the consultation on liquidity published in November 2014, and refers to a new Supervisory Statement on supervisory liquidity and funding risks which was published on the same day. The Policy Statement is aimed at UK banks, EEA banks with a branch in the UK, PRA-designated investment firms, as well as third country banks or PRA-designated investment firms. The Policy Statement includes new rules and feedback on issues related to: (i) the phasing-in of the Liquidity Coverage Requirement and additional liquidity requirements on top of the LCR; (ii) liquidity reporting and disclosure, including changes made to address concerns about the increased and burdensome volume of liquidity data that is to be reported; and (iii) interim LCR reporting. The

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