On April 30,the UK Prudential Regulation Authority (PRA) published a policy statement regarding updates to the Pillar 2 reporting requirements of the EU Capital Requirements Regulation. The policy statement is relevant to banks, building societies and PRA-designated investment firms.

The policy statement refers to the following appendices:

• Appendix 1—final rules amending the Glossary, Regulatory Reporting Part, Reporting Leverage Ratio Part and Reporting Pillar 2 Part of the PRA Rulebook (available here);
• Appendix 2—final data item PRA111, which captures stress testing data currently included in a firm’s Internal Capital Adequacy Assessment Process documents (available here);
• Appendix 3—updated supervisory statement on Pillar 2 reporting (available here); and
• Appendix 4—updated statement of policy regarding the PRA’s methodologies for setting Pillar 2 capital (available here).

The final rules, updated supervisory statement and updated statement of policy will go into effect on October 1.

The PRA’s policy statement is accessible here.