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
On 22 May 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP12/25 on its Pillar 2A review – Phase 1.
Background
Pillar 2A capital requirements are set for firms to address risks not already, or not sufficiently, captured by Pillar 1. The PRA previously committed to review and update Pillar
On 21 May 2025, the Basel Committee on Banking Supervision (Basel Committee) issued a statement following its meeting on 20 and 21 May 2025.
The Basel Committee continues to prioritise the full and consistent implementation of Basel III. It will also publish by the end of this year a final version of its
On 24 April 2025, the Financial Conduct Authority (FCA) published a consultation paper, CP25/10, on the definition of capital for FCA investment firms.
Background
The UK Capital Requirements Regulation (UK CRR) currently forms part of assimilated UK law. However, the FCA considers many of these requirements to be unnecessarily complex
On 17 April 2025, the Prudential Regulation Authority (PRA) updated its webpage on stress testing to note that it has published two stress test scenarios for use by banks and building societies that are not participants in the Bank of England’s concurrent stress testing exercise.
The PRA explains that the scenarios are derived
On 17 April 2025, the Prudential Regulation Authority (PRA) published an update on a modification by consent of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook in relation to third country covered bonds.
The PRA had previously, on 8 April 2025, offered a modification by consent that would allow certain third
On 11 April 2025, the Prudential Regulation Authority (PRA) announced that it was offering a modification by consent (MbC) to modify Article 11 (1)(d)(ii) of the Liquidity Coverage Ratio part of the PRA Rulebook.
The MbC allows a firm that has incorrectly applied a rule regarding third country covered bonds’ inclusion