FIN.

PRA policy statement on Basel implementation

Following its consultation earlier this year, the PRA has published a policy statement (PS) on its proposed new CRR rule instrument to implement part of the Basel standards that still need to be implemented in the UK.

The PS summarises the consultation responses and sets out near-final policy materials. The policy is intended to take effect at the same time as Treasury’s revocation of the relevant parts of the CRR, which will be on 1 January 2022.

Lucy Hadrill