On 4 February 2025, the Basel Committee on Banking Supervision (Basel Committee) published its work programme and strategic priorities for 2025/26.
The programme prioritises work on Basel III implementation, risk assessment and safeguarding resilience, digitalisation, and liquidity. As part of its work on risk assessment the Basel Committee will pursue a deep
We have published a new briefing note concerning the CRD VI – The new rules for cross-border banking business from third countries under CRD VI: What should non-EEA firms do now?
On 27 January 2025, the Lending Standards Board (LSB) published its consultation response and next steps following a review of its Standards of Lending Practice for Personal Customers (the personal Standards). The document includes the announcement that the personal Standards will be retired on 31 March 2025.
Background
The personal Standards, which
On 23 January 2025, the Bank Recapitalisation Bill was voted through its second reading.
As mentioned by City Minister Emma Reynolds MP in the debate:
“The Bill does four main things. First, it expands the statutory functions of the Financial Services Compensation Scheme, giving the Bank of England the power to require the FSCS to
On 21 January 2025, the Prudential Regulation Authority (PRA) published a ‘Dear CEO’ letter setting out its 2025 priorities in relation to the supervision of international banks.
In the letter, which was sent to Chief Executive Officers of PRA regulated international banks active in the UK, the PRA explains that the common theme
On 21 January 2025, the Prudential Regulation Authority (PRA) published a ‘Dear CEO’ letter setting out its 2025 priorities in relation to the supervision of UK deposit takers.
In the letter, which was sent to Chief Executive Officers of PRA regulated UK deposit takers, the PRA explains that the common theme across its
On 17 January 2025, the Prudential Regulation Authority (PRA) announced that, following consultation with HM Treasury, it was delaying the implementation of Basel 3.1 in the UK by one year until 1 January 2027.
The PRA states that the delay is to allow more time for greater clarity to emerge about the United
On 16 January 2025, the Bank of England (BoE) published a speech on ‘Joining the dots’ between stress tests, delivered by its executive director for financial stability strategy and risk, Nathanael Benjamin, at The City UK.
The speech outlines the BoE’s new approach to stress testing banks and developments in stress tests in
On 7 January 2025, the Prudential Regulation Authority (PRA) published Policy Statement PS1/25 – Resolution assessments: Amendments to reporting and disclosure dates.
Background
In CP12/24, published in October 2024, the PRA proposed to amend rules 3.1 and 4.1 of the Resolution Assessment Part so that the timing of future report submissions