Regulation
PRA Letter to Credit Unions 2020
The PRA have issued their annual review of the sector letters to category 5 Credit Unions. There are two versions of the letter. One for
11 September, 2020 No Comments
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The PRA have issued their annual review of the sector letters to category 5 Credit Unions. There are two versions of the letter. One for
Many large Credit Unions will be looking to see what the new capital requirements mean to them. Under the new requirements the minimum capital requirements
The PRA have today published Policy Statement 6/20. This statement introduces their proposed capital changes which were set out in Consultation Paper 28/19. The changes
From 30 January, Credit Unions will be required to review and confirm their details annually via the Connect System. The confirmation will be required within
The PRA have launched a consultation on changing the capital requirements for Credit Unions. Large and Growing Credit Unions The current capital requirements have restricted
When the Senior Managers Regime was introduced the number of individuals listed on the Financial Services Register decreased. As a result the register no longer
The PRA have sent their annual review of the sector letters out to Credit Unions. This year there are only two versions of the letter-
New Requirements On the 30th September 2018 the capital requirement for large Credit Unions increased with the introduction of the 2% capital buffer. This represents
The PRA has sent its annual letter to version 5 Credit Unions. There are three versions of the letter. The version you receive depends on
The FCA have issued a letter to Credit Unions based on the regulator’s most recent review of the sector. The letter contains key information with