UK prudential watchdog sets out plans for market risk internal model approach under Basel 3.1
( June 19, 2026, 06:49 GMT | Official Statement) -- MLex Summary: The UK's prudential watchdog sets out adjustments to its risk internal model approach, the final piece in implementing the capital requirements under Basel 3.1. The Prudential Regulation Authority had delayed the implementation of the market risk rules, or the Fundamental Review of the Trading Book under Basel 3.1, to 2028 to align with other jurisdictions. The consultation released today includes adjustments to the rules, including extending the monitoring period for the profit and loss attribution test from one year to three and adjusting the PRA’s treatment of activity that has limited trading data. Statements are attached....
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