FSA has released the details of the previously announced capital relief for new lending by credit institutions (see FReD 5 October). Any increase in Pillar 1 capital requirements arising out of increases in new lending to households and private non-financial corporations will be offset by an equivalent reduction in the Pillar 2 Capital Planning Buffer. The policy will apply from 1 April 2013. Participants will have to calculate the offset and submit a data collection template on a quarterly basis. (Source: Details on Adjustments to Capital Planning Buffers for New Lending)