FinTalk S2EP8 | Basel 3.1 Reporting: Risk Weights, Property Market, Social Housing & Data Governance

Welcome to FinTalk, the leading podcast in Financial Services that addresses the most pressing topics in the FinTech and RegTech.
In this episode, our host Jawad Akhtar talks with Oivind Andresen, a leading expert in financial regulations, to explore Basel 3.1 and its profound implications for the financial services industry. They discuss mortgage markets, risk weights, the Prudential Regulation Authority's (PRA) role, capital requirements, compliance, and data governance.
This episode of FinTalk covers:
The introduction of Basel 3.1, its impact on commercial property mortgages, and the relationship between loan-to-value (LTV) bands and risk weights.
How Basel 3.1 changes will impact capital requirements, particularly for firms involved in social housing.
The PRA's role in setting regulations and their stance on risk weights, social housing, and the January 2025 implementation date.
Importance of firms undertaking impact analysis to understand the changes required by the new rules.
The removal of the SME factor and its fundamental impact on the industry.
Emphasizing the importance of regulatory reporting, compliance, and data management for firms to align with Basel 3.1.
Mention of the PRA's consultation paper and its influence on firms’ responses to the proposed regulations.