PRA extends liquidity waivers: PRA has announced it will extend eligible whole-firm liquidity modifications, intra-group liquidity modifications and Capital Requirements Regulation (CRR) Article 8 permissions until 1 October 2015. The Commission adopted a Delegated Act on the Liquidity Coverage Ratio in October, which will be binding from October 2015. PRA therefore asks any firms with relevant waivers, modifications or permissions due to expire before that date to apply for an extension on the same terms. (Source: PRA Extends Liquidity Waivers)

Regulators review remuneration data collection: PRA and FCA have published a joint policy statement confirming the following changes to their rules on reporting remuneration practices:

  • updated templates for the Remuneration Benchmarking Report introduce more detailed requirements for a wider range of business areas and classes of staff; and
  • more FCA firms will fall within the scope of the High Earners Report obligations, as all institutions at the highest level of consolidation and EEA branches of institutions with third country head offices will have to collect the data.

(Source: Changes to Remuneration Data Collection)