Fur­ther to CP11/24, PRA has published feedback, final rules and policy.  PRA highlights that it has increased the existing £100m and £500m thresholds around FSCS-covered deposits by 30% and introduced a new indicative threshold of £300m of total retail and small business instant access deposits. Beyond this, international banks are generally expected to operate in the UK as subsidiaries rather than branches.  The new policy updating SS5/21 takes effect on 20 May 2025.  With regard to changes to branch reporting, the new policy updating SS34/15, reporting guidance for the Branch Return Form, and updated branch reporting rules take effect from 1 March 2026.  With regard to booking arrangements, the relevant firms should undertake a self-as­sess­ment against the revised expectations to a timeline that they agree with their PRA supervisory con­tact.

FCA has updated this webpage to include information and flow diagrams on CCR009, which came into force on 7 May 2025.

EBA has published the first part of its Annual Report, which provides an overview of the annual key achievements.  EBA will publish a consolidated version by the end of June 2024 which will include further information, including with regard to the im­ple­ment­a­tion of its work pro­gramme.

This FSI briefing paper considers the interaction between banks’ liquidity requirements and central banks’ liquidity support frameworks and proposes a possible formula for establishing supervisory expectations across different stress scenarios, taking into account the availability of central bank fa­cil­it­ies.