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UK banks see Basel 3.1 lobbying effort pay off as PRA unveils major concessions

By Phoebe Seers ( September 12, 2024, 11:34 GMT | Insight) -- Large UK banks will see an increase of less than 1 percent in their capital requirements over the next four years, after the Bank of England’s Prudential Regulation Authority set out a heavily amended package to implement the international capital standards Basel 3. It had suggested 3 percent when it last updated the plans in December (see here). ...

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