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CP12/25 – Updates to Pillar 2A Capital Framework
The PRA has published Consultation Paper 12/25, marking the first phase of a two-stage review of its Pillar 2A methodologies and supporting guidance. This consultation seeks to address the consequential impacts of the PRA’s near-final rules for implementing the Basel 3.1 standards, while also providing additional clarity on its Pillar 2A methodologies.
PS7/25 - Basel 3.1 - Pillar 2A SME and Infrastructure Lending Adjustments
As part of PS7/25, the PRA has published further details on its approach for calculating SME and infrastructure lending adjustments.
Delay in UK Implementation of Basel 3.1 to 1-Jan-2027
Today, the Prudential Regulation Authority (PRA), in consultation with HM Treasury, announced a one-year delay to the implementation of Basel 3.1 in the UK. Originally scheduled to take effect on 1 January 2026 for banks not classified as Small Domestic Deposit Takers (SDDTs), the new implementation date is now set for 1 January 2027.
Mark Your Calendar: Key Dates for Basel 3.1 and SDDT
Mark Your Calendar: Key Dates for Basel 3.1 and SDDT. It has been approximately three months since the PRA released the second part of its near-final rules for implementing the Basel 3.1 standards in the UK. With the official implementation date of 1 January 2026 less than a year away, the clock is ticking for firms to ensure compliance. While the implementation date of 1 January 2026 is top of mind for many, it is essential not to overlook several key milestones in 2025. These will be particularly relevant both for firms seeking SDDT status and banks navigating Basel 3.1 requirements.
Simplified Capital Regime for Small Domestic Deposit Takers (SDDTs) - Superseded
On 12 September 2024, the PRA published Consultation Paper 7/24 (The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs)) as part of its Phase 2 of announcements, which sets out the proposed simplified capital regime for SDDTs.
UK Basel 3.1: Credit risk standardised approach – exposures to multilateral development banks (MDBs)
This article outlines the changes to exposures to MDBs under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (PS9/24).
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).