The UK’s Prudential Regulation Authority (PRA) is seeking to bolster the use of mandatory disclosures within its Pillar 2 capital framework, but market participants are sceptical of this bringing greater uniformity and transparency.
UK banks will be made to publicly disclose their aggregate capital requirements under plans set out by the PRA in a consultation paper issued on July 12. The paper lays out a “general expectation” that firms will reveal their total capital requirement (TCR) – the
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