Basel 3.1, the interest-rate environment, regulation, and macroeconomic uncertainty are just some of the challenges the banking sector will continue to face this year. Banks need to ensure they have the correct processes, governance, and agility to adapt effectively.
In our latest podcast, our regular host Irina Velkova, is joined by Paul Garbutt, Partner, leader of our financial (prudential) regulatory practice, and Simon Hills, Director of Prudential Regulation at UK Finance, to explore the key themes for the sector in 2023.
PRA’s SS5/25 sets clear rules for climate risk governance, scenario analysis, and data standards, guiding UK firms to embed climate risk into core decisions.