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ARTICLE · 07 NOVEMBER 2023

The UK's PRA Discusses Securitisation Capital Requirements And Basel 3.1

Hogan Lovells Cadwalader
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The UK's banking regulator, the Prudential Regulation Authority ("PRA") has published a Discussion Paper (DP3/23) covering securitisation bank capital in the context of...

United KingdomFinance and Banking
Alix Prentice
Alix Prentice
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The UK's banking regulator, the Prudential Regulation Authority (“PRA”) has published a Discussion Paper (DP3/23) covering securitisation bank capital in the context of: (1) the Basel 3.1 output floor and capital requirements for securitisation exposures; (2) a review of the hierarchy of methods for determining capital requirements for securitisation exposures; and (3) the scope of the framework for simple, transparent and standardised (“STS”) securitisations, as covered in the PRA's consultation on the Implementation of the Basel 3.1 standards  (CP16/22). DP3/23 aims to collect data and feedback from firms prior to transferring the firm-facing requirements in the Securitisation Chapter of the Capital Requirements Regulation (“CRR”) into PRA rules in alignment with Basel 3.1 standards.

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