Industry response

Pillar 2A capital requirements and disclosure

BSA response to PRA CP 12/17

We welcome the opportunity to respond briefly to PRA’s CP 12/17. We are content with the move from ICG to a formal P2A requirement set under section 55 of FSMA. The approach to solo Pillar 2A requirements looks reasonable. But we think PRA has not adequately made the case for, in effect, attempting to mandate disclosure of the TCR  by all banks and building societies. 

Read the full response.