Navigating Basel 3.1: strategic, commercial, and cross-jurisdictional challenges for banks

Ethan Donnelly -


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