PRA demands Ukraine and Russia risk reports from banks

Banks told to 'consider the implications for their business' and report to regulator

Bank of England

The UK's Prudential Regulation Authority (PRA) has asked banks to provide details on their exposure to Ukraine and Russia, as well as the risks to their business if the territorial crisis escalates.

A senior risk manager at one US bank says the PRA – which is part of the Bank of England (BoE) – sent its information request in the week of March 3, giving banks 48 hours to respond. He says such requests are rare, being reserved in recent times for eruptions of political risk that could have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: