Pillar 2 (a 15 percent global minimum tax) is more likely to become a reality, though it, too, has a problem: The project requires a first mover. One country, or cluster of countries, needs to the ...

AUKUS Pillar 2 refers to a suite of cooperative activities conducted by the United States, the United Kingdom, and Australia to develop and field “advanced capabilities” under the AUKUS ...

Federal Reserve vice chair for supervision Michael Barr, left, is joined by Federal Deposit Insurance Corp. chair Martin Gruenberg and Treasury under secretary for domestic finance Nellie Liang in the ...

The U.K. Prudential Regulation Authority has published a Policy Statement on Pillar 2 liquidity, following consultations in May 2016 and July 2017.

The UK Prudential Regulation Authority has announced that it is postponing by six months the introduction of a new liquidity reporting template, PRA110. PRA110 is intended to capture information ...

In the government’s 2022 autumn statement, it offered a five-year estimate of pillar 2 revenues, revealing that it expects to collect £335 million in the 2023-2024 tax year.