Regulatory Disclosure

The European Union Capital Requirements Directive came into effect on 1 January 2007. It introduced consistent capital adequacy standards and an associated supervisory framework in the EU based on the Basel II rules agreed by the G-10. Implementation of the Directive in the UK was by way of rules introduced by the Financial Services Authority (“the FSA”). Among them are disclosure requirements applicable to banks and building societies, which are known as Pillar 3.

This Pillar 3 disclosure document has been prepared by the Bank’s management in accordance with the requirements of BIPRU 11 of the FSA’s rule book. Unless otherwise stated, all figures are as at 31 December 2009 our financial year-end. Future disclosures will be issued on an annual basis and published as soon as practicable after the publication of the Annual Report and Accounts.

Download: PILLAR 3 disclosure 2010.pdf pdf (308Kb)