Andrew Burrows

Nov 5, 2024 | kpmg.com | YouTube. Opens |Andrew Burrows |Christopher Checkley

There is continuing focus and heightened expectations around governance, processes and controls in relation to Financial & Regulatory Reporting. Over the last few years firms have invested to uplift controls environments around regulatory reporting in response to the Prudential Regulation Authority (“PRA”) Dear CEO letter of 2021 setting out the Regulator’s thematic findings on reliability of Regulatory Reporting.

Dec 14, 2023 | kpmg.com | Robert Smith |Steven Hall |Andrew Burrows |Michelle Adcock

December 2023As announced in September 2023, the PRA has published the first package of near-final rules for the UK implementation of Basel 3.1. The first policy statement (PS17/23) covers market risk, credit valuation adjustment risk, counterparty credit risk and operational risk. A second policy statement, on credit risk, the output floor and disclosure requirements, is expected in Q2 2024.

Nov 22, 2023 | kpmg.com | Andrew Burrows |Matt Thomas

Basel 3.1 Basel 3.1 Basel 3.11000The implementation of Basel 3.1 is one of the biggest priorities for banks operating in the UK as they move into 2024. For many, the PRA’s recent announcement pushing the go-live date back to 1 July 2025 may have prompted a positive response that there is now a further six months to prepare.