2 May 2018
The UK Prudential Regulation Authority published its Policy Statement: Groups Policy and Double Leverage, on 30 April 2018. The Policy Statement addresses various group-level prudential regulatory issues. The over-arching theme is a concern that compliance with formal consolidated group prudential requirements may leave gaps and mismatches in risk coverage across a group. The PRA will therefore consider, and require its supervised groups to consider, such group-wide issues more specifically and comprehensively through the ICAAP/SREP and Pillar 2 process: but does not commit itself to imposing quantified additional capital requirements.