On 2 December 2025, the Bank of England (BoE) published the latest Financial Stability Report, which sets out the Financial Policy Committee’s (FPC) view on the stability of the UK financial system and what it is doing to remove or reduce any risks to it.
Key points highlighted in the report include:
In this latest issue of Regulation Around the World we look at how regulators have implemented the Basel 3.1 reforms, asking eight key questions in the following jurisdictions: United Kingdom, United States, EU, Luxembourg, France, Italy, Turkey, Netherlands, Australia, South Africa and the UAE. For European jurisdictions we add one further topical question outside of
On 26 November 2025, the European Banking Authority (EBA) published a report setting out its findings of a peer review which assessed how Member State competent authorities (NCAs) supervise and implement gender diversity within the management bodies of financial institutions, specifically credit institutions (CIs).
Background
The Peer Review follows
On 26 November 2025, the Financial Conduct Authority (FCA) published its findings on the data quality of prudential regulatory reporting of MIFIDPRU investment firms. The findings include good practice and areas for improvement.
Background
The FCA introduced the Investment Firms Prudential Regime to streamline and simplify prudential requirements for investment firms. In 2023
On 21 November 2025, there was published in the Official Journal of the EU, Commission Implementing Regulation (EU) 2025/2338 of 20 November 2025 amending Implementing Regulation (EU) 2016/100 laying down implementing technical standards (ITS) specifying the joint decision process with regard to the application for certain prudential permissions pursuant to Regulation (EU) No
On 17 November 2025, the European Commission (Commission) published a Call for evidence on a proposal to amend the application of the Basel 3 standards on market risk, otherwise known as the Fundamental Review of the Trading Book framework (FRTB).
The Capital Requirements Regulation 3 (CRR 3) provides that
On 18 November 2025, the European Central Bank (ECB) issued the results of its Supervisory Review and Evaluation Process (SREP) for 2025 and its supervisory priorities for 2026-28. The assessment covers 105 banks under ECB supervision. It provides a review of their capital, liquidity, profitability, governance and risk management.
The headline
On 12 November 2025, the Prudential Regulation Authority (PRA) issued Policy Statement 22/25 – Leverage Ratio: Changes to the retail deposits threshold for application of the requirement (PS22/25).
Background
Earlier this year the PRA issued Consultation Paper 2/25 (CP2/25) setting out proposals to increase the retail deposits threshold for
On 6 November 2025, the European Banking Authority (EBA) issued a follow-up peer review report on the exclusion from the credit valuation adjustment (CVA) risk of transactions with non-financial counterparties established in a third country.
The report is a follow-up to the EBA’s 2023 peer review report on excluding transactions with
On 6 November 2025, the European Commission (Commission) launched a targeted consultation on the prudential framework for market risk for banks, the Fundamental Review of the Trading Book (FRTB).
The consultation is framed by the empowerment to the Commission under Article 461a of the Capital Requirements Regulation (CRR) and