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AFME: Welcomes UK consultation on implementation of Basel rules | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

AFME: Welcomes UK consultation on implementation of Basel rules

AFME: Welcomes UK consultation on implementation of Basel rules

  • AFME advocates for deep and integrated European capital markets which serve the needs of companies and investors
  • Today’s consultation from the PRA is important as Basel 3.1 is the final step to implementing post-crisis reforms in the UK
  • It will be responding on behalf of its members, which are the largest systemically important banks
  • Pleased to see the PRA has struck a good balance in its approach to implementing the international Basel standards
  • It is positive that the UK regulator has sought to ensure a coordinated approach through the proposal
  • It is also good to see that the proposal addresses certain UK-specific issues in the implementation

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