Firms should prepare for PRA Rulebook migration, revised overseas recognition mechanics, and operational updates to policies, systems, and reporting.
UK Capital Requirements Regulation
Banking lobby groups in the US and the UK have been calling for relaxation of rules around bank leverage. But the UK’s top banking regulator says current circumstances are too volatile for any risky change.
The proposed rules would only apply to MIFIDPRU investment firms, with announcements due for market making/principal trading firms.
New proposals to change the UK ring-fencing regime and the methods banks use to undertake M&A.