Law: Basel III

PRA launches Basel III proposal with new definitions for “strong and simple”

The UK’s Prudential Regulation Authority (PRA) has issued plans to implement Basel III that further diverge from those proposed by the European Commission, and amended its criteria for which smaller firms will be able to opt out of the new standards.

01 December 2022

“You wouldn’t want to rush anything”: Australia reviews group structures prudential framework

Practitioners have broadly welcomed a three-year roadmap from Australia’s prudential regulator for reviewing its prudential framework for group structures.

25 October 2022

More Basel III delays? Practitioners doubt 2025 initial implementation

With just over two years to go until the EU and UK’s agreed deadline the initial implementation of Basel III, practitioners tell GBRR that timeline isn’t sufficient.

05 October 2022

EBA opens climate-prudential discussion

The European Banking Authority has begun its discussion of how to capture climate risk in its prudential framework, in the face of opposition from an industry body calling it the “wrong tool for the right purpose”.

12 May 2022

ECB finalises discretions approach

The European Central Bank has finalised its rules on how regulators should exercise the more than 100 supervisory options and discretions granted them under the CRR II-CRD V legislative package.

30 March 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

APRA changes capital requirements, favours small banks

Australia’s new bank capital framework has introduced a two-tier system with simplified requirements for small banks – but while the regulator says it won’t be asking big banks to raise more capital, Macquarie says it nevertheless anticipates a A$2.2 billion hit to its capital surplus.

01 December 2021

“Diluting the framework”: EU divided over Basel implementation

Over two dozen of Europe’s national regulators and central banks have warned the European Commission against introducing any EU-specific deviations from the Basel III framework.

09 September 2021

Circle sets sights on federal charter

US fintech Circle is attempting to obtain a US federal bank charter, citing frustrations at third party chains slowing its operations.

11 August 2021

TIGRR report targets EU-legacy regulation

A government taskforce formed to revamp UK regulation post-Brexit has recommended dumping EU rules for a less prescriptive common law approach – including a more aggressive transition to open banking, a hybrid CBDC and a “graduated” capital requirements regime for challenger banks.

21 June 2021

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