PRA: CP19/24 – Closing liquidity reporting gaps and streamlining Standard Formula reporting

PRA has published a consultation paper on a package of liquidity reporting reforms under the Solvency II regime. Proposals include introducing new liquidity reporting requirements for large life insurers and reducing the expectations for life firms that use internal model to submit Standard Formula reporting to the PRA. PRA proposes the implementation date for any changes resulting from this CP to be 31 December 2025. Responses to this consultation are required by 31 March 2025.