PRA Reporting and Market Risk Quiz

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Questions and Answers

What does the PRA use the collected RNIV data for?

To determine COREP data
To assess operational risks
To monitor the performance of firms' internal models (correct)
To calculate market risk

How is FSA005 revised in relation to COREP data?

To replace COREP data
To ignore data not contained in COREP
To obtain only data not contained in COREP (correct)
To obtain all data from COREP

What does the PRA collect information for Risks Not in VaR (RNIV) on?

An ad-hoc basis
A voluntary basis
A standardised basis (correct)
A confidential basis

Explain the purpose of the PRA collecting Risks Not in VaR (RNIV) data on a standardised basis.

The PRA collects RNIV data to monitor the performance of firms' internal models and gain important information on systemic risks. Signup and view all the answers

What is the purpose of revising FSA005 in relation to COREP data?

FSA005 is revised to obtain only those data that are not contained in COREP. Signup and view all the answers

How does the PRA use the data collected from firms' internal models?

The PRA uses the data to monitor the performance of the relevant firms’ internal models and gain important information on systemic risks. Signup and view all the answers