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Regulatory Requirements Banks Prudential Regulation Authority (PRA)

A&O Shearman

UK Prudential Regulation Authority Consults on Large Exposures Framework

A&O Shearman on

The U.K Prudential Regulation Authority began consulting on proposals to amend the prudential framework for large exposures. The proposals include changes to implement the remaining Basel large exposures standards, by: (i)...more

A&O Shearman

Former Chief Executive of bank fined for failing to take “reasonable steps”

A&O Shearman on

The UK Prudential Regulation Authority (PRA) has fined the former CEO of Wyelands Bank GBP118,808 for various regulatory breaches, including that he failed to take reasonable steps to ensure the business for which he was...more

A&O Shearman

New blog series: deep dive into the FCA and PRA proposals for D&I in financial services

A&O Shearman on

The UK financial services regulators are setting out to move the dial when it comes to diversity and inclusion (D&I) in the financial services sector. D&I strategies, targets and disclosures are all included in their new...more

Jones Day

FAR-Reaching Reforms on Track to Expand BEAR

Jones Day on

BEAR, which came into effect throughout 2018 and 2019, imposed extensive accountability obligations on ADIs and expanded APRA's enforcement powers. You can read our previous Commentary on BEAR here. ...more

Proskauer Rose LLP

Regulation Round Up - July 2021

Proskauer Rose LLP on

The Basel Committee on Banking Supervision (“BCBS”) published a report jointly with the World Bank setting out the findings from a global survey on proportionality in banking regulation and supervision....more

Hogan Lovells

Banking and finance regulatory news, October 2020 # 2

Hogan Lovells on

COVID-19: PRA letter to credit unions and direction modifying minimum provisioning requirements - On 7 October 2020, the UK Prudential Regulation Authority (PRA) published a letter to directors of credit unions on...more

Hogan Lovells

Banking and finance regulatory news, July 2020 #3

Hogan Lovells on

COVID-19: PRA updates statement on implementation of EBA guidelines on reporting data and public information - The UK Prudential Regulation Authority (PRA) has updated its statement on the implementation of the European...more

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