AFME: Welcomes UK consultation on implementation of Basel rules
- AFME advocates for deep and integrated European capital markets which serve the needs of companies and investors
- Today’s consultation from the PRA is important as Basel 3.1 is the final step to implementing post-crisis reforms in the UK
- It will be responding on behalf of its members, which are the largest systemically important banks
- Pleased to see the PRA has struck a good balance in its approach to implementing the international Basel standards
- It is positive that the UK regulator has sought to ensure a coordinated approach through the proposal
- It is also good to see that the proposal addresses certain UK-specific issues in the implementation
