We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

BOE Eases Capital Reporting Burden For UK Financial Firms

Law360, London (June 13, 2018, 1:07 PM BST) -- The Bank of England said Wednesday that it has cut back how frequently it expects financial services firms to report on the size of their capital buffers under final rules that are part of a European framework introduced to help prevent struggling banks from failing.

The central bank's Prudential Regulation Authority said in a policy statement that, from January 2019, companies should report to it each quarter rather than every month on their minimum requirement for own funds and eligible liabilities, known as MREL.

Some firms...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.