Regulator aiming to harmonise with European Banking Authority guidelines
The Bank of
England’s Prudential Regulation Authority (PRA)
issued on Wednesday changes to the way banks' pillar 2 capital
requirements are calculated in a move that could see a number
of UK banks facing higher capital requirements.
The regulator said the
changes would enhance the transparency and accountability of
its approach to setting pillar 2 capital requirements and
ensure the methodology is applied consistently.
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