The Prudential Regulation Authority (PRA) has published a Consultation Paper (CP 21/19) on Probability of Default (PD) estimation and Loss Given Default (LGD) estimation.   The PRA is seeking feedback on proposals set out in the consultation paper, including the expected impact of the proposals on capital requirements.    The

The National Bank of the Republic of Belarus (National Bank) has approved Regulation on the Procedures for Organizing and Carrying out Rating Activities (Regulation).   The Regulator similarly approved Requirements for the Rating Agency Methodology and the Procedure for Compiling and Submitting Reports and Other Information of the Rating Agency

The National Bank of Romania (NBR) has revised the Rules on determining the ROBID and ROBOR reference rates.   The NBR indicates that the amendments will give additional impetus to interbank money market activity and improve the price-setting mechanism.   The amendments, the regulator also notes, will ensure better representativeness

The Prudential Regulation Authority (PRA) has published a consultation paper, outlining proposals for amendments to Pre-Issuance Notification (PIN) regime applicable to PRA-authorised Capital Requirements Regulation (575/2013) firms.    The PRA’s PIN requirements are intended to enhance and maintain the quality of firms’ capital resources by providing the regulator with the