CP8/24 – Restatement and minor amendments to CRR rules relating to the definition of own funds

The Prudential Regulation Authority (PRA) published Consultation Paper 8/24 ‘Definition of Capital: restatement of CRR requirements in PRA Rulebook’ (CP8/24) covering various matters relating to own funds including revocation by HM Treasury (HMT) of related rules set out in inter alia Regulation (EU) No 575/2013 (the CRR) and transferring them, with certain modifications, into the PRA Rulebook.

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Stress testing, ICAAP, ILAAP, Risk Management Ravi Patel Stress testing, ICAAP, ILAAP, Risk Management Ravi Patel

PRA’s 2024 ICAAP Stress Test Scenarios for Non-Systemic Banks

On 27th June 2024, the Prudential Regulation Authority (“PRA”) published the ICAAP Scenarios for non-systemic UK banks, which are the supply shock scenario and the demand shock scenario. This article summarises the key factors of the scenarios and provides specific points on how small- and medium-sized banks should approach there stress testing design processes, with relation to the 2024 ICAAP Scenarios.

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