Featuring expert insights from UK Finance and Wolters Kluwer, this webinar will cover the recent changes to Basel 3.1 standards and the implementation of the EU's CRR3 and CRD IV directives.
The Basel 3.1 Reforms and Impact
Introduction to Basel 3.1 Standards
The UK Prudential Regulatory Authority (PRA) drives the implementation of the Basel 3.1 reforms, which represent a significant change in global banking standards.
Basel 3.1 Reforms: Key Components
The Basel 3.1 initiative includes comprehensive policy statements like PS17/23, which outlines part 1 of the near-final regulations. Meanwhile, PS15/23 offers a streamlined regulatory framework specifically designed for Small Domestic Deposit Takers (SDDTs), balancing oversight with operational feasibility.
Upcoming Basel 3.1 Developments
The anticipation builds as the sector prepares for part 2 of the Basel 3.1 policy statement, focusing on critical areas such as credit risk and the output floor. These updates are expected to complete the Basel 3.1 puzzle, setting a new standard for banking operations and risk management.
CRR3 and CRD IV Directives: Implementation of Basel 3.1 in Europe
In parallel with UK efforts, the European Commission and Parliament have announced the implementation of Basel III reforms across the EU via the CRR3 and CRD IV directives. This legislation is a pivotal part of the European banking sector's alignment with global standards, ensuring a consistent approach to financial regulation.
Register to join live or watch on demand and prepare for the future of banking regulation. Stay ahead in the rapidly evolving financial landscape.
