Risk & Regulation Round-up October to December 2017
This is the latest round-up in the series covering key announcements and developments in UK financial risk and regulation.
As usual I adopt a summarised and simplified approach to the main stories. Links to underlying source stories or documents are contained in individual articles in this blog.
Substantive guidance is now starting to emerge from the regulators on Brexit; in particular the need for some firms to apply for relevant authorisations to do business in the UK post-Brexit, irrespective of the likely implementation period and temporary permissions regime. See section 1 below.
A major regulatory announcement came in December from the Basel Committee: the final set of revisions to the Basel III capital rules. These included confirmation of the new capital floor, delays to the implementation timeline and other changes. See section 2 below.
*** Note: The articles in this blog do not constitute advice, but please contact Prism-Clarity for further information, including where to get the best advice. ***
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