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PRA announces firms will not need to submit data for 2022 and 2023 benchmarking exercise for capital internal models

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Published on: 18 May 2021

Published by LNB News

LNB News 18/05/2021

Document Information

Issue Date: 18 May 2021

Published Date: 18 May 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Prudential Regulation Authority (PRA) has issued a statement on its supervisory benchmarking exercise for capital internal models. Now that the UK’s implementation period for leaving the EU has ended, the statement confirms that firms will not be required or expected to submit any data for the 2022 and 2023 benchmarking exercise. The PRA also outlines its plans to prepare and consult on new UK standards for benchmarking purposes.

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