On 12 December 2023, the Prudential Regulation Authority (PRA) published near-final rules on the implementation of Basel 3.1 standards through Policy Statement 17/23 (PS17/23). PS17/23 covers near-final rules on market risk; credit valuation adjustment (CVA) and counterparty credit risk (CCR); operational risk; interactions with the PRA’s Pillar 2 framework; and, re-denominate currency references to pound sterling (GBP).

This article outlines an overview of the proposed changes, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the key changes to the calculation of market risk capital requirements as part of the implementation of Basel 3.1 standards (PS17/23).

This article outlines the proposed reporting changes, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the key changes to the calculation of Credit valuation adjustment and counterparty credit risk, as part of the implementation of Basel 3.1 standards (PS17/23).

This article outlines the key changes to the calculation of own funds requirement for operational risk, as part of the implementation of Basel 3.1 standards (PS17/23).

This article outlines the proposed changes to off-balance sheet items under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the proposed changes to exposures in default under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the proposed changes to exposures to MDBs under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the proposed changes to exposures to institutions under the standardised approach of credit risk, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the proposed changes to credit risk real estate exposure classification and risk weights under the standardised approach, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the proposed changes to credit risk corporate exposure classification and risk weights under the standardised approach, as part of UK’s implementation of Basel 3.1 (CP16/22).

This article outlines the proposed changes to credit risk retail exposure classification and risk weights under the standardised approach, as part of UK’s implementation of Basel 3.1 (CP16/22).