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ARTICLE · 20 MARCH 2025

PRA Delays UK Implementation Of Basel 3.1

Addleshaw Goddard
Addleshaw Goddard
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On 17 January 2025, the Prudential Regulation Authority (PRA) published a press release announcing that, in consultation with HM Treasury...

United KingdomFinance and Banking
Tess Kelly
Tess Kelly
James Greig
James Greig
Stephen Fishbourne
Stephen Fishbourne
Julien Bacus
Julien Bacus
Pierre Mathé
Pierre Mathé

On 17 January 2025, the Prudential Regulation Authority (PRA) published a press release announcing that, in consultation with HM Treasury, it has decided to delay the UK implementation of the Basel 3.1 reforms to 1 January 2027.

On 17 January 2025, the PRA published a press release announcing that, in consultation with HM Treasury, it has decided to delay the UK implementation of the Basel 3.1 reforms to 1 January 2027.

Given the current uncertainty around the timing of implementation of the Basel 3.1 standards in the US, and taking into account competitiveness and growth considerations, the PRA, having consulted with HM Treasury, has decided to further delay implementation of the rules.

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