The PR Consultation Paper (CP 5/19) proposes updates to the Pillar 2 capital framework and will be effective as of October 2019. It addresses:
- Refinement of P2A scaling of stress outcomes
- The approach to assessing weaknesses in risk management and governance
- The process for updating the benchmarks used to calculate the Pillar 2A requirement for credit risk; and
- The PRA Buffer
DOWNLOAD NOTES FROM PRA CONSULTATION PAPER CP5/19
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