PRA issue statement on the disclosure of exposures subject to measures applied in response to Covid-19

The PRA has issued a statement providing guidance on the disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

It highlighted that UK banks and building societies that:

• are (or are controlled by) global systemically important institutions (G-SIIs) or other systemically important institutions (O-SIIs) designated by the PRA in the most recent list; and
• have retail deposits equal to or greater than £50 billion on an individual or consolidated basis

should make disclosures on Covid-19 lending for the highest level of consolidation in the UK for semi-annual disclosure periods ending on dates up to, and including, Thursday 31 December 2020.