UK Financial Policy Committee (FPC) Issues New Recommendations on Banks

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In its latest Financial Stability Report, the FPC (a committee of the Bank of England) set out recommendations for the UK’s new regulator – the Prudential Regulation Authority – to improve the stability of the UK banking sector, including:

  • using the Basel III liquidity coverage ratio to assess liquidity;
  • increasing the consistency and comparability of Pillar 3 disclosures; and
  • calculating regulatory capital ratios under end-point Basel III definitions using the standardised approach to credit risk. Report.

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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