You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Capital Markets & Wholesale to Payments & Innovation.
The Basel 3.1 framework was developed by the Basel Committee on Banking Supervision (BCBS) in the wake of the 2007- 2009 Global Financial Crisis to strengthen the regulation, supervision and risk management of banks.
It will be implemented in the UK by 1 January 2025. UK Finance is working with member banks and the Prudential Regulation Authority to ensure that the international framework is introduced in the UK in a way that is proportionate, operationalisable and does not give rise to a material increase in capital requirements. Basel Committee on Banking Supervision (BCBS)
We support adherence to the BCBS international standards which is key to increasing the comparability of banks operating globally, but have noted a number of about the design of Basel 3.1 concerns including:
UK Finance has partnered with the Institute of Risk Management (IRM) - the leading international professional body for risk management - to equip our members with the skills to better manage organisational risks.
By downloading this document, you understand and agree that any sharing, distribution or republishing of the content, without prior written authorisation from the author or content managers at UK Finance, shall be constituted as a breach of the UK Finance website terms of use.
