On 10 January 2019, the PRA published Consultation Paper 1/19: Credit risk mitigation – eligibility of financial collateral (CP1/19). In CP1/19 the PRA sets out proposed changes to Supervisory Statement 17/13: Credit risk mitigation (SS17/13) to clarify expectations regarding the eligibility of financial collateral as funded credit protection under Part Three, Title II, Chapter 4 (credit risk mitigation) of the CRR. The PRA proposes to add a new chapter to SS17/13. The draft text of the new chapter is set out in the Appendix to CP1/19. The deadline for comments on CP1/19 is 10 April 2019.