UK Prudential Regulator Welcomes Postponement of Basel III Implementation
04/02/2020HM Treasury and the U.K. Prudential Regulation Authority have published a joint statement welcoming the delay to implementation of certain aspects of the Basel III regulatory reforms, announced by the Group of Central Bank Governors and Heads of Supervision. The GHOS has delayed the deadlines for introducing certain Basel III standards by one year until 2023 (or, in the case of the output flow, 2028). The Treasury and PRA intend to work together to produce a U.K. implementation timetable that is consistent with the GHOS’s delay.
View the PRA's statement on the delayed implementation of Basel III.
View details of the GHOS's delays to the implementation of Basel III.
Details of other regulatory responses to COVID-19 are available at our COVID-19 Research Center.
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