This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK banks need not disclose ‘Pillar 2’ liquidity orders, PRA proposes

( May 12, 2016, 16:52 GMT | Official Statement) -- MLex Summary: UK banks need not disclose regulators’ “Pillar 2” orders to top up their cash reserves beyond the formulas of “Pillar 1” liquidity requirements, under a proposal from the Bank of England’s regulatory arm. The Prudential Regulation Authority added, in the proposal, that it would take banks’ debts and other specifics into account when considering the liquidity risks of debt buybacks, uncollateralized derivatives and intraday cash movements.The following is the text of the statement. Click the attachment at bottom for the full proposal....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections