CP14/24 – Large Exposures Framework - Key changes

Regulatory updatesConsultation PaperLarge ExposuresOwn FundsBasel 3.1
Written By Manish Patidar

Overview

The PRA published a Consultation Paper CP14/24 on 18 October 2024, outlining proposals to implement the remaining Basel large exposures standards (LEX standards). A key change for small and medium-sized banks is the proposed removal of CRM eligibility for immovable property, meaning exposures secured by immovable properties would no longer qualify for CRM under Large Exposures. Apart from this, there are additional changes proposed in this CP, with further details available in the document linked below.:

Manish Patidar
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UK Basel 3.1: An overview of the near-final rules
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CP8/24 – Restatement and minor amendments to CRR rules relating to the definition of own funds