Don’t underestimate the UK's Basel 3.1

The UK's Basel 3.1 Capital Accord is the most comprehensive capital reform in banking history, demanding new models, granular data and – for some – an entire rethink of business models. Despite the ‘3.1’ name, the reforms, which formally takes effect from 1 January 2027, are not a minor tweak but a major rework of how capital outcomes are produced, evidenced and defended across credit risk, market risk, credit valuation adjustment (CVA) and operational risk. However, it's important to note that the Basel 3.1 work starts now as a bank's 2026 Internal Capital Adequacy Assessment Process's (ICAAP) is required to include a forward-looking impact assessment of Basel 3.1 in order to calculate 3 years of projected capital.

Attendees will:

• Understand the practical impact of Basel 3.1 reforms on banks
• Explore key implementation challenges across risk and capital frameworks
• Gain insight into 2026 ICAAP expectations and forward-looking impact assessments
• Learn what firms should be doing now to prepare for the 2027 reforms