This statement is not intended as guidance on meeting disclosure obligations other than the EBA Guidelines.
The ability of central banks to undertake liquidity assistance effectively, including the orderly disclosure of that assistance, is regarded as critical to financial stability. In recognition of this, the EBA Guidelines allow competent authorities to waive the requirement to disclose Template B (collateral received by an institution, by broad categories of product type).
The PRA will waive the requirement to disclose Template B of the EBA Guidelines for firms that meet at least one of three criteria. By waiving this disclosure requirement, the PRA seeks to reduce the risk that firms’ compliance with the EBA Guidelines could enable the use or non-use of liquidity assistance to be deduced. Firms do not need to apply for the waiver.
This supervisory statement explains the waiver and the PRA’s expectations as to the:
-
Factors to be considered in determining the appropriate level of disclosure provided in complying with the EBA Guidelines
-
Basis of calculation to be applied where the EBA Guidelines require median values to be disclosed
-
Frequency with which firms publish disclosures prepared to comply with the EBA Guidelines
Full news
Supervisory statement
Consultation paper
© Bank of England
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article