GovWire

Open consultation: Implementation of the Basel 3.1 standards

Hm Treasury

November 30
07:00 2022

The Basel 3.1 standards cover the amount of capital banks need to hold against the risks they take and are agreed at international level by the Basel Committee on Banking Supervision (BCBS).

HM Treasurys consultation largely focuses on the technical and legislative changes necessary to facilitate implementation of Basel 3.1 by the Prudential Regulation Authority (PRA) in line with the approach set out in the Financial Services Act 2021. The consultation also asks for views on improving aspects of the Capital Requirements Regulation, particularly in terms of equivalence, resolution and overseas exchanges.

This consultation opens on the 30 November 2022 and will close on the 31 January 2023 and responses will inform the governments approach to Basel implementation. Please submit your responses to Prudential.Consultation@hmtreasury.gov.uk

Documents

Consultation: Implementation of the Basel 3.1 standards

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