The PRA has published Consultation Paper 25/17: Pillar 2: Update to reporting requirements (CP25/17). In CP25/17, the PRA proposes a:

  • new data item (PRA111) to capture stress testing data currently included in the firm’s Internal Capital Adequacy Assessment Process (ICAAP) documents. The purpose of introducing PRA111 is to bring greater transparency, clarity, standardisation and comparability in stress test data provided alongside ICAAP documents. It would also decrease the operational risks associated with the manual capturing of stress test data for analysis;
  • the reduction in the frequency of reporting of the data items in the Reporting Pillar 2 of the PRA Rulebook for some firms; and
  • consolidation of definitions in several reporting parts of the PRA Rulebook into the Glossary. The proposed consolidation is intended to make it easier for firms to use the PRA Rulebook.

The PRA is also proposing to update the reporting instructions in Supervisory Statement 32/15: Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082 (Appendix 2) and the Statement of Policy: The PRA’s methodologies for setting Pillar 2 capital (October 2017) (Appendix 3).

The deadline for comments on CP25/17 is 6 March 2018.

View PRA consults on Pillar 2 reporting requirements, 6 December 2017