US EditionPRA consults on Pillar 2A review – Phase 1
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Financial services: Regulation tomorrow
Financial services: Regulation tomorrowPRA consults on Pillar 2A review – Phase 1
On 22 May 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP12/25 on its Pillar 2A review – Phase 1. Background Pillar 2A capital requirements are set for firms to address risks not already, or not sufficiently, captured by Pillar 1. The PRA previously committed to review and update Pillar 2A by first addressing the consequential impacts of Basel 3.1 Pillar 1 changes on Pillar 2 in an off-cycle review of firm-spec…
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