UK proposes adjustments to Basel bank trading rules, sticks to 2028 date

UK proposes adjustments to Basel bank trading rules, sticks to 2028 date

Britain's Prudential Regulation Authority on Friday proposed extending a key ​accuracy test on banks' internal risk models, among other measures, ‌in the final step of the country's implementation of banking reforms post the financial crisis.

PRA consults on adjustments to its market risk internal model approach under Basel 3.1

On 19 June 2026, the Prudential Regulation Authority (PRA) published a consultation on the internal model approach to market risk (IMA), which represents the final piece of Basel 3.1’s implementation in the UK.BackgroundThe PRA published the final rules and policy for the IMA in policy statement (PS) 1/26 – Implementation of Basel 3.1: Final rules as part of finalising its implementation of the Basel 3.1. In PS1/26, the PRA confirmed that, while…

PRA sets out adjustments to its market risk internal model approach under Basel 3.1