Basel 3.1: Unpacking the new rules from the PRA

Ethan Donnelly -

October 24th | 11:00AM - 12:00PM BST

The Bank of England's Prudential Regulatory Authority (PRA) has meticulously rolled out the Basel 3.1 Reforms in a phased approach. With Part 1 of the near-final Policy Statement PS17/23 already in place, a simpler set of standards (PS15/23) for Small Domestic Deposit Takers, and the imminent release of Part 2 addressing credit risk and the output floor, the comprehensive picture of Basel 3.1 is taking shape.

Meanwhile, the European Commission and Parliament have unveiled legislation implementing the Basel III Reforms in Europe through the CRR3/CRD VI directive.

This comprehensive webinar provides in-depth insights into the key changes introduced by the PRA's near-final rules. Learn about:

  • SME Lending: The impact of the removal of the SME support factor and the introduction of new risk rates.
  • Real Estate Exposures: Revised definitions, revaluation requirements, and their implications for capital requirements.
  • Unrated Corporates: Understanding the risk-sensitive approach and its impact on capital calculations.
  • Output Floor: The shortened transitional period and adjusted starting point for the output floor.