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