PRA confirms CRDV statement date

PRA has issued a statement explaining to firms when they can expect further information on the implementation of CRD V.  PRA issued two separate consultations, the later of which closed on 17 November.  It plans to publish a policy statement by mid-December, which will also include its approach to revisions of the definition of capital for Pillar 2A.  Most of the CRD V requirements, which are mainly being dealt with by one of the suite of Brexit-related statutory instruments, will take effect from 29 December 2020.