YIx7IUxF
type: Answer
type: WrittenAnswer
answer has question: dWn6gG8b
answer has answering person: iavMcgms
answer text: On June 20 2013, the PRA published the results of its assessment of the capital adequacy of eight major banks and building societies, including the level of capital shortfalls of each institution against the risk-weighted capital ratio based on the Basel III definition of at least 7%. The results are available on the Bank of England website: www.bankofengland.co.uk/publications/Documents/news/2013/pracaprec.pdf The PRA have informed all of the firms of their requirements and have produced PRA plans-to meet them, with the vast majority of these actions to be completed by end-2013. Under the Banking Consolidation Directive (BCD), the PRA is prohibited from publishing confidential regulatory data about individual firms. However, PRA rules made in accordance with the BCD and the Market Abuse Directive require firms themselves to disclose information about their capital position, as well as-other market-sensitive information, including information which could affect the pricing of their debt.
answer given date: 2013-10-17+01:00
answer has answering body: HYfypSOE
written answer has answering body: HYfypSOE