On 30 April 2014, the PRA published its policy statement on implementation of the provisions on capital buffers in the Capital Requirements Directive. The policy statement includes feedback to the PRA's consultation paper and final rules. The PRA also published its Supervisory Statement on the rules which aims to explain the PRA's expectations of banks, building societies and PRA-designated investment firms regarding capital buffers.
The PRA webpage is available at:
http://www.bankofengland.co.uk/pra/Pages/publications/capitalbuffers.aspx.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
