Source · Select Committees · Treasury Committee
Recommendation 3
3
Acknowledged
Ensure Basel 3.1 implementation does not increase SME lending capital requirements or harm competitiveness
Conclusion
The PRA must ensure that the final implementation of the Basel 3.1 standards leaves capital requirements on SME lending no more stringent than they are under the current system and that international competitiveness with the EU and the US is not harmed. (Paragraph 26) Dispute resolution
Government response summary AI-generated
The government acknowledges the Committee’s concerns regarding the removal of the SME supporting factor under Basel 3.1 but provides no commitment to action.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
3. We acknowledge the Committee’s concerns regarding the removal of the SME supporting factor under Basel 3.1.
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