Navigating Basel 3.1: strategic, commercial, and cross-jurisdictional challenges for banks
Date: 13th of February 2025
Time: 11am
Duration: 1 hour
Format: Live Webinar (with Q&A)
On this webinar leading financial experts discussed the latest updates on Basel 3.1 following the PRA's announcement of a delay in its UK implementation to January 2027.
Key topics discussed:
- Basel 3.1 delay: Impact of the PRA's delay on financial institutions' planning, resource allocation, and regulatory compliance.
- Resource and talent management: Challenges in retaining skilled professionals and managing regulatory change projects.
- Standardised vs. IRB approaches: Weighing the benefits of Internal Ratings-Based (IRB) models against the simpler Standardised Approach.
- Cross-jurisdictional challenges: Navigating regulatory divergence between the UK, EU, and US.
- Technical challenges: Data management complexities, model validation, and regulatory interpretations.
- Strategic implications: Long-term planning, portfolio management, and structural mitigations such as securitisations.
Speakers:
Ronan Donnelly: Risk and regulatory specialist at Suede | Moderator
Simon Hills: Head of prudential capital and risk at UK Finance
Steven Hall: Partner, financial risk management at KPMG
Dominic Whittingham: Head of capital management at Santander UK
Highlights from the discussion:
- PRA's delay offers firms additional time for refining processes but maintaining momentum is critical.
- Smaller firms face significant impacts from the removal of the refined approach under the Strong and Simple Framework.
- Cross-jurisdictional banks grapple with varying timelines, regulatory divergence, and operational complexities.
- Technical challenges include new data collection requirements, model validation, and stringent regulatory expectations.
- Strategic decisions influenced by the output floor, portfolio mix, and capital efficiency under Basel 3.1.
Who's this session for?
- Compliance
- Regulatory Reporting
- Market Risk
- Credit Risk
- Finance
- Liquidity
- Data Management
- Capital Planning
- Balance Sheet Management