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Nematrian Reference Library

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Introduction (start) "This policy statement sets out the Prudential Regulation Authority’s (PRA) responses to the feedback on PRA Consultation Paper 1/15 ‘Assessing capital adequacy under Pillar 2’. It sets out changes to rules and supervisory statements and finalises a statement of policy: ‘The PRA’s methodologies for setting Pillar 2 capital’. The PS is relevant to banks, building societies and PRA-designated investment firms. The Pillar 2 capital framework for the banking sector is intended to ensure that firms have adequate capital to support the relevant risks in their business, and that they have appropriate processes to ensure compliance with CRD IV. It is also intended to encourage firms to develop and use better risk management techniques in monitoring and managing their risks. Pillar 2 therefore acts to further the safety and soundness of firms, in line with the PRA’s objectives."

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