PRA buffer and Pay.UK: Difference between pages

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imported>Doug Williamson
(Update.)
 
imported>Doug Williamson
(Create page. Source: Pay.UK webpage https://www.wearepay.uk/who-we-are/)
 
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''Capital adequacy - UK''.
''Payments - UK.''


The PRA capital buffer is designed to absorb potential losses under stress.
Pay.UK was established in 2017.


It is the holding company of:


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.
*Bacs Payment Schemes Limited
*Cheque and Credit Clearing Company Limited
*Faster Payments Scheme Limited
*Mobile Payments Service Company Limited
*UK Payments Administration Limited
*UTSP Limited (Universal Trust Service Provider)




The amount is determined by the UK regulator, the Prudential Regulation Authority (PRA), following stress testing and consultation with the regulated bank.
== See also ==
 
* [[BACS]]
 
* [[Faster Payments Service]]
Any PRA buffer which the regulator may set is additional to Individual Capital Guidance (ICG).
* [[NewCHAPS]]
 
* [[UK Payments Administration Ltd]]
 
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.
 


The PRA buffer is sometimes known as the 'Pillar 2B' buffer.
[[Category:The_business_context]]
 
[[Category:Cash_management]]
The PRA buffer replaced the former 'capital planning buffer'.
[[Category:Financial_products_and_markets]]
 
[[Category:Liquidity_management]]
 
[[Category:Technology]]
== 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 17:08, 29 May 2019

Payments - UK.

Pay.UK was established in 2017.

It is the holding company of:

  • Bacs Payment Schemes Limited
  • Cheque and Credit Clearing Company Limited
  • Faster Payments Scheme Limited
  • Mobile Payments Service Company Limited
  • UK Payments Administration Limited
  • UTSP Limited (Universal Trust Service Provider)


See also

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