This supervisory statement (SS) is relevant to firms to which CRD IV applies.
On 24 June 2015 the European Banking Authority (EBA) published final draft ITS amending the current ITS on LCR reporting to ensure a proper reporting of the LCR according to the Delegated Act (Amending ITS). The EBA proposed a first reference date corresponding to the later of December 2015 and six months after the date of publication of the Amending ITS in the Official Journal, following adoption by the Commission.
The PRA has judged that, in order to monitor firms’ compliance with the LCR standard coming into force under the Delegated Act and their liquidity resilience, there is a strong case for firms to report their LCR positions as defined in the Delegated Act from October 2015. Accordingly the PRA expects firms to provide data as set out in this statement.
The PRA is aware that during the interim period firms will still be subject to a legal obligation to report the LCR in accordance with the current ITS on liquidity reporting, and that it is not possible to use the data so reported to calculate a firm’s LCR ratio in accordance with the Delegated Act. The PRA is not able to alter this legal obligation. For purposes of liquidity supervision, the PRA will use the data received under the interim reporting arrangements set out in this SS.
For firms planning to submit xml data via xsd files, the PRA is planning to publish an LCR file in xsd format using the templates in the EBA’s final draft ITS on LCR reporting.
Full supervisory statement
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