PRA buffer and Third party provider: Difference between pages

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imported>Doug Williamson
(Updated)
 
imported>Doug Williamson
(Created page with "''Payment services - PSD2''. (TPP). Under PSD2, third party providers of payment services include: *Account Information Service Providers (AISPs) and *Payment Initiation Se...")
 
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''Capital adequacy - UK''.
''Payment services - PSD2''.


The PRA buffer is an amount of capital which UK-regulated banks are required to hold, decided as a consequence of stress testing.
(TPP).


The amount is determined by the UK regulator, the Prudential Regulation Authority (PRA), following consultation with the regulated bank.
Under PSD2, third party providers of payment services include:


*Account Information Service Providers (AISPs) and
*Payment Initiation Service Providers (PISPs).


Any PRA buffer which the regulator may set is additional to Individual Capital Guidance (ICG).


Both AISPs and PISPs are regulated under PSD2.


The PRA buffer is designed to be adequate to absorb losses that may arise under a 'severe, but plausible' stress, in line with the CRD IV rules.


 
==See also==
In addition, where the PRA assesses a firm’s risk management and governance to be significantly weak, it may also set the PRA buffer to cover the risk posed by those weaknesses until they are addressed.
*[[Free trade agreement]]
 
*[[Free trade area]]
 
*[[International trade]]
The PRA buffer is sometimes known as the 'Pillar 2B' buffer.
*[[North American Free Trade Agreement]]
 
*[[Payment Services Directive]]
The PRA buffer replaced the former 'capital planning buffer'.
*[[PSD2]]
 
*[[Third party provider]]
 
*[[Trans-Pacific Partnership]]
== See also ==
* [[Buffer]]
* [[Capital adequacy]]
* [[CRD IV]]
* [[Governance]]
* [[Idiosyncratic stress]]
* [[Individual Capital Guidance]]
* [[Pillar 2]]
* [[Prudential Regulation Authority]]
* [[Reverse stress test]]
* [[Risk management]]
* [[Scenario analysis]]
* [[Shock]]
* [[Stress]]

Revision as of 10:49, 4 June 2018

Payment services - PSD2.

(TPP).

Under PSD2, third party providers of payment services include:

  • Account Information Service Providers (AISPs) and
  • Payment Initiation Service Providers (PISPs).


Both AISPs and PISPs are regulated under PSD2.


See also