Steven Hall

Jul 8, 2024 | kpmg.com | Steven Hall |Robert Smith |Peter M. Rothwell |Michelle Adcock

July 2024As outlined in our introductory article, the growth of the private assets industry, particularly the increasing scale, complexity, leverage and interconnected financing of private asset-linked businesses, has started to raise concerns amongst banking regulators, who are focused on the adequacy of individual banks' risk management frameworks and wider financial stability.

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.