The implementation of the final Basel III reforms may be dogged by uncertainty and delay, but 2023 promises to deliver much-needed progress in some advanced economies.
By the middle of the year, the EU is expected to complete trilogue negotiations to determine its final regulatory stance, while the US looks set to publish its initial proposals within a similar timeframe. The UK, meanwhile, will see the Prudential Regulation Authority’s (PRA) consultation period for its proposals terminate in March 2023, before it finalises its approach in the following months.
