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UK Basel 3.1: Near-final Rules Part 2 (PS9/24) - Key Changes
On 12 September 2024, the Prudential Regulation Authority (PRA) published the second part of its near-final rules on the implementation of Basel 3.1 standards through Policy Statement 9/24 (PS9/24). This article focuses on the key changes in comparison to the PRA’s earlier consultation paper(s), in each of the major risk areas.
UK Basel 3.1: Near-final rules Phase 1 (PS17/23)
On 12 December 2023, the Prudential Regulation Authority (PRA) published near-final rules on the implementation of Basel 3.1 standards through Policy Statement 17/23 (PS17/23). PS17/23 covers near-final rules on market risk; credit valuation adjustment (CVA) and counterparty credit risk (CCR); operational risk; interactions with the PRA’s Pillar 2 framework; and, re-denominate currency references to pound sterling (GBP).
UK Basel 3.1: An overview of the near-final rules
This article outlines an overview of the proposed changes, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1: Market Risk
This article outlines the key changes to the calculation of market risk capital requirements as part of the implementation of Basel 3.1 standards (PS17/23).
UK Basel 3.1: Reporting changes
This article outlines the proposed reporting changes, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1: Credit valuation adjustment and counterparty credit risk
This article outlines the key changes to the calculation of Credit valuation adjustment and counterparty credit risk, as part of the implementation of Basel 3.1 standards (PS17/23).
UK Basel 3.1: Operational risk - standardised approach
This article outlines the key changes to the calculation of own funds requirement for operational risk, as part of the implementation of Basel 3.1 standards (PS17/23).
UK Basel 3.1: Credit risk standardised approach – off-balance sheet items
This article outlines the proposed changes to off-balance sheet items under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1: Credit risk standardised approach – exposures in default
This article outlines the proposed changes to exposures in default under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1: Credit risk standardised approach – exposures to multilateral development banks (MDBs)
This article outlines the proposed changes to exposures to MDBs under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1: Credit risk standardised approach – exposures to institutions
This article outlines the proposed changes to exposures to institutions under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1: Credit risk standardised approach – real estate exposures
This article outlines the proposed changes to credit risk real estate exposure classification and risk weights under the standardised approach, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1 standards: Credit risk standardised approach – exposures to corporates
This article outlines the proposed changes to credit risk corporate exposure classification and risk weights under the standardised approach, as part of UK’s implementation of Basel 3.1 (CP16/22).
UK Basel 3.1 standards: Credit risk standardised approach – retail exposures
This article outlines the proposed changes to credit risk retail exposure classification and risk weights under the standardised approach, as part of UK’s implementation of Basel 3.1 (CP16/22).
Simpler-regime Firm (SRF) CP16/22 updates
PRA consultation paper CP5/22 proposes an introduction of a simpler regime and simplified prudential requirements for non-systemic banks and building society. In CP5/22, the PRA have proposed a definition for ‘Simpler-regime Firm’ (SRF).