Capital Governance and Remuneration
This is the Pillar 3 disclosure made in accordance with the UK Financial Conduct Authority (FCA) Prudential Sourcebook for Banks, Building Societies and Investment Firms (‘BIPRU’).
The European Capital Requirements Directive (CRD) created a regulatory capital framework consisting of three ‘pillars’ namely:
- Pillar 1 – which sets out the minimum capital requirements that firms are required to meet.
- Pillar 2 – which requires firms to take a view on whether additional capital should be held against capital risks not covered by Pillar 1.
- Pillar 3 – which requires firms to publish certain details of its risks, capital and risk management process.
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