On 28 October 2025, the Basel Committee on Banking Supervision issued a technical amendment to the Basel Framework which relates to the circumstance where a bank uses a guarantee or credit derivative to hedge the counterparty credit risk of a derivative exposure subject to the standardised approach to counterparty credit risk or the internal models
On 15 September 2025, The Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 were made.
These Regulations come into force on 30 November 2025.
Background
The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (the 2014 Capital Buffers Regulations) are revoked by virtue of the Financial
On 30 July 2025, the Prudential Regulation Authority (PRA) updated its webpage on Consultation Paper 12/25 – Pillar 2A review – Phase 1.
The update provides that the PRA has extended the deadline for responses to CP12/25 from 5 September 2025 to 30 September 2025. It has also extended the implementation date
On 30 July 2025, the Prudential Regulation Authority (PRA) published Consultation Paper 19/25 – CRR Definitions: restatement in PRA Rulebook (CP19/25).
Background
Articles 4, 4a, 4b, and 5 of the UK Capital Requirements Regulation (UK CRR) set out the definitions for key terms used in the UK CRR relating
On 17 July 2025, the Prudential Regulation Authority (PRA) published Policy Statement 12/25 ‘Restatement of CRR and Solvency II requirements in PRA Rulebook – 2026 implementation’ (PS12/25).
In PS12/25 the PRA sets out its feedback to the responses to Consultation Paper 8/24 ‘Definition of Capital: restatement of CRR requirements in
On 17 July 2025, the Prudential Regulation Authority (PRA) published Policy Statement 14/25 – Amendments to the Large Exposures Framework – Part 1 (PS14/25).
Background
On 5 December 2023, the PRA published Consultation Paper 23/23 – Identification and management of step-in risk, shadow banking entities and groups of connected clients (
On 10 June 2025, the Basel Committee on Banking Supervision issued proposals for a technical amendment to the Basel Framework concerning the standardised approach for operational risk.
The Basel Committee has also finalised a set of frequently asked questions regarding the standardised approach for credit risk. The deadline for comments on the proposed amendments is
On 9 June 2025, a draft statutory instrument (SI) – the Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 – was published on legislation.gov.uk, along with a draft explanatory memorandum.
The draft SI makes technical amendments to legislation following the revocation and restatement of the
On 4 June 2025, The Capital Buffers and Macro-prudential Measures Regulations 2025 were made together with an explanatory memorandum.
These Regulations come into force on 31 July 2025. They re-state relevant provisions of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (the 2014 Regulations) on 31 July 2025. The 2014 Regulations
On 22 May 2025, the Prudential Regulation Authority (PRA) published a policy statement, PS7/25 – Update to PS9/24 on the SME and infrastructure lending adjustments.
Background
The PRA published policy statement PS9/24 in September 2024, setting out near-final rules to implement Basel 3.1 in the PRA Rulebook in relation to credit risk