Implementation of the Investment Firms Prudential Regime and Basel 3 standards consultation
Seeking views on the UK’s approach to the implementation of the Investment Firms Prudential Regime and the remaining Basel 3 standards.
This consultation is seeking views on the proposed exercise of the delegated powers provided to HMT by the Financial Services Bill to ensure the effective implementation of the Investment Firms Prudential Regime and the outstanding Basel 3 standards - those contained in the 2nd Capital Requirements Regulation.
This consultation will also provide clarity and seek views on the UK’s intended approach to implementation of some areas of the Basel 3 standards, as well as seeking views on the scope of application of the resolution regime for FCA-regulated investment firms, where HMT is not devolving responsibility to the Regulators.