UK:
PRA Consults On Various Issues Under CRD IV
22 July 2014
Shearman & Sterling LLP
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On 30 June 2014, the Prudential Regulation Authority
("PRA") launched a consultation on proposed changes to
its rules and supervisory statements for credit risk mitigation,
credit risk, governance and market risk. The consultation covers,
amongst other things, proposals on (i) permissions to use own
estimates on volatility adjustments; (ii) permissions to use the
advanced internal ratings-based approach for exposures to central
governments, central banks and public sector entities; (iii) a rule
to introduce stricter criteria for the application of a 50% risk
weight to certain commercial real estate exposures located in
non-EEA countries; and (iv) guidance for firms on limitations on
directorships and how to report risks not in VaR requirements.
The consultation paper is available at: http://www.bankofengland.co.uk/pra/Documents/publications/cp/2014/cp1214.pdf
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.
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