Regulatory Reporting - Banking Sector
This page was produced before the UK’s withdrawal from the EU. The UK has now entered into a transition period, due to end on 31 December 2020, during which EU law will continue to apply. We will update this page at a later date, as appropriate, to reflect the legal and regulatory framework applicable at the end of the transition period.
Banks, building societies and investment firms
Credit unions
Latest updates
4 August 2020: We published Policy Statement (PS) 19/20 ‘Financial Service Compensation Scheme – Temporary High Balance Coverage Extension’. The PS updates the following:
- the Depositor Protection Part of the PRA Rulebook; and
- the updated Statement of Policy (SoP) ‘Deposit Guarantee Scheme’.
The rule change and updated SoP will be effective on Thursday 6 August 2020. Coverage for THBs will revert to six months from Monday 1 February 2021.
31 July 2020: The PRA is required, as a competent authority, to publish information on rules and guidance, options and discretions, supervisory review and evaluation process (SREP), and aggregate statistical data, alongside submitting the information to the European Banking Authority (EBA) in line with Article 143 of Directive 2013/36/EU (CRD IV) and Commission Implementing Regulation 650/2014. On 31 July 2020, we published the aggregate statistical data as at 31 December 2019. Please see the Banking supervisory disclosures page for more information.
28 July 2020: We published a ‘Statement by the PRA on EBA Guidelines on reporting and disclosure of exposures subject to measures applied in response to the Covid-19 outbreak’ to UK banks and building societies (which are, or are controlled by, global or other systemically important institutions designated by the PRA, and that hold retail deposits in excess of £50 billion), to set out how the EBA’s disclosure requirements are to be implemented, following our statement published on Wednesday 24 June 2020, and the subsequent update on Friday 10 July 2020. The disclosure template was published alongside this statement.
Contact
If you have any queries on regulatory reporting contact the Firm Enquiries Team:
Phone: 020 3461 7000
Email: PRA.FirmEnquiries@bankofengland.co.uk
Technical queries about the GABRIEL system are handled by the Financial Conduct Authority (FCA). Firms experiencing systems issues should contact the FCA Contact Centre in the first instance on 0300 500 0597.
Working with the Financial Conduct Authority
We work with the Financial Conduct Authority (FCA) to make sure the regulatory reporting processes for dual-regulated firms are efficient. We want to ensure that firms are only asked to submit data sets once and, to help achieve this, we will share data where it is appropriate to do so. We will also share data on firms that are not dual-regulated where necessary, to ensure that we each have a complete view of the market.
A memorandum of understanding between the FCA and the Bank of England (exercising its prudential regulation functions) sets out how we will work together.
- Memorandum of Understanding between the FCA and the Bank of England (exercising its prudential regulation functions) (PDF)
- The Memorandum of Understanding obliges us to consult each other on changes to data/forms that are collected regularly, including the use of shared data definitions; and, the management of data systems to allow for efficient sharing.
Much regulatory data for PRA firms continues to be collected by the FCA. This includes reporting via the FCA’s GABRIEL system, the submission of firms’ controllers and close links reports and the reporting of changes to firms’ standing data.
Statistical reporting obligations have not changed.
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