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PRA consultation CP 27-19 – Supervision of liquidity and funding risks

PRA consultation CP 27/19: Liquidity – PRA’s supervising of liquidity and funding risks

Background

  • CP 27/19: Liquidity: The PRA’s approach to supervising liquidity and funding risks
  • Published by the PRA on 17 October 2019

In this Consultation Paper (CP), the Prudential Regulation Authority (PRA) sets out proposals to update Supervisory Statement (SS) 24/15 ‘The PRA’s approach to supervising liquidity and funding risk’  (see Appendix) to reflect relevant updates to the Bank of England’s Market Operations Guide (Market Operations Guide) and to reiterate relevant expectations set out in SS9/17 ‘Recovery Planning’.

Impacts

This CP is relevant to PRA-authorised UK banks, building societies, and PRA-designated UK investment firms, referred to collectively as ‘firms’.

The proposals set out in this CP have been designed in the context of the current UK and EU regulatory framework.

The PRA has assessed that the proposals will not be affected in the event that the UK leaves the EU with no implementation period in place.

Timeline with relevant dates to be logged on regulatory calendar

  • Consultation opens on 17 October 2019
  • Consultation closes on 17 November 2019

Next steps

All respondents need to send comments to the PRA.

The PRA proposes that the draft amendments to SS24/15 (see Appendix) will apply from the date of final publication.

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