The Prudential Regulation Authority (PRA) has announced key decisions on capital standards ahead of the introduction of a new European capital regime (CRD IV) next year. These decisions aim to enhance the stability of the financial sector and strengthen
the capital regime in the UK and detail:
- key decisions that affect the minimum level of Common Equity Tier 1 (CET
1) capital including Pillar 2A risks; and - changes to the capital and leverage expectations for the major UK banks
and building societies that were included in the 2013 capital exercise, from
2014 onwards.
Related Link:
http://www.bankofengland.co.uk/publications/Pages/news/2013/181.aspx