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 European Banking Authority (EBA) issued its Peer Review on the application of proportionality under the Supervisory Review and Evaluation Process (SREP).
Proportionality is an important part of the SREP enabling Member State competent authorities (NCAs) to adapt the scope, frequency and intensity of the
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 14 January 2025, the Bank for International Settlements (BIS) updated its webpage regarding its innovation hub.
The update includes information regarding the 2025-2026 work programme which includes:
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
On 18 December 2024, the European Commission updated its web page on the review of the Mortgage Credit Directive (MCD) by stating that the initiative had been suspended. The Commission previously issued a call for evidence between 22 November 2021 – 28 February 2022. The feedback given remains available for future reference. The
On 19 December 2024, the European Banking Authority (EBA) published a Handbook which provides best practices and high-quality methodologies and processes for the selection and appointment of independent valuers for resolution purposes in accordance with Articles 36 and 74 of the Bank Recovery and Resolution Directive. The Handbook identifies best practices for the
On 17 December 2024, the European Central Bank (ECB) published the results of its Supervisory Review and Evaluation Process (SREP) for 2024 and its Supervisory Priorities 2025-27.
The key message from the SREP 2024 is that the euro area banking sector remained resilient in 2024. On average, banks maintained solid capital
On 17 December 2024, the Banking Act 2009 (Wholesale Cash Oversight Fees) Regulations 2024 were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations approve the scale of fees that the Bank of England (BoE) may charge to certain firms recognised by HM Treasury in the wholesale
On 17 December 2024, the Lending Standards Board (LSB) published a summary report on its review of registered firms’ application of the Standards of Lending Practice for business customers.
Background
The Standards, which are recognised by the Financial Conduct Authority, set out the best practice framework for small and medium-sized enterprise (SME