US EditionPRA update on modification by consent for third country covered bonds in the LCR
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LexBlogPRA update on modification by consent for third country covered bonds in the LCR
On 17 April 2025, the Prudential Regulation Authority (PRA) published an update on a modification by consent of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook in relation to third country covered bonds. The PRA had previously, on 8 April 2025, offered a modification by consent that would allow certain third country covered bonds under Article 11(1)(d) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook to be included in L…
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