In this article, the authors set out some of the key substantive differences between the EU and UK implementation of the Basel 3.1 standards on credit risk and consider the implications for global groups operating across these two jurisdictions.
6 MAR 2025The aim of this article is to provide an overview of the Prudential Regulation Authority’s rules (PRA Rules) implementing the remaining Basel III standards in the UK, to highlight any key deviations from the underlying Basel III standards and the equivalent EU CRR2 regime, and to discuss potential challenges that these deviations might create for banking groups. In addition, this article includes responses to frequently asked questions in relation to the above.
1 DEC 2021