I I started the PREP in August 2014 and the PEP in January 2016 and met the practical experience requirement in May last year. I haven't done the Capstone course yet.
However my story is very different, I am an engineer with very advanced mathematical modelling that ended up working of one of the big 3 banks in Top of the house financial reporting, FX analysis on P&L and Fund Transfer Pricing between Canada and different banking subsidiaries internationally. You will find many people working at banks in financial reporting without any accounting designations, but with math, physics or engineering
I filled the PERT forms and they did not accept them, then one of the evaluators called me and walked me through how to fill the experience reports. It was very tedious process and the lady was so kind to me and probably spend with me over 2-3 hours telling what to write and where. Because where work, in terms of nature and diversity, plus that guidance from the evaluator, I met the experience requirement.
Ironically, what the CPA calls Finance is very narrow in their definition disconnected from that we call in banking Finance. I was able to meet only one of the finance requirements, met all 4 in financial reporting, all 4 in performance management and couple of other ones here and there. I have to say that The CPA made meeting such experience requirement very difficult
As for other competencies (soft skills), you need to write sort of an essay that has to meet specific criterion for them to accept.