UKSA has submitted a response to the Prudential Regulation Authority's Consultation Paper CP2/20 on Capital Requirements and Macroprudential Buffers
In a critical submission, UKSA has drawn the Authority's attention to the lack of clarity and intelligibility of the Consultation Paper and argued that the proposed reduction in Pillar 2A is not contingent on any increase in the countercyclical buffer, leading to the asymmetry of an actual lowering of minimum capital requirements offsetting a hypothetical increase to the buffer.
UKSA's submission can be found here.
A letter to the Financial Times on the same subject has also been published here (paywall).
