Feedback on the Basel III Prudential Roadmap: large exposures and general matters

1    Executive summary

1.1    Overview

1.1.1    In March 2024, we published our consultation on the Basel III prudential roadmap. The roadmap set out a phased timetable for detailed consultations ahead of implementation in H2 2027, with flexibility for early transition from H2 2026. Our approach is based on the UK’s implementation, is proportionate and flexible, and aims to address potential competitive disadvantages.

1.1.2    As part of that work, in January 2026, we published a consultation on the Basel III Prudential Roadmap: large exposures and general matters. It focussed on:

• general matters
• market risk, trading book and counterparty credit risk
• large exposures
• securitisation
• capital and ratios

1.1.3    This paper summarises responses received and our feedback.

1.2    Feedback received

1.2.1    Respondents broadly supported the proposed approach, which closely aligns with the UK Prudential Regulation Authority’s (PRA) final Basel III rules and remains proportionate to the Jersey banking sector.

1.2.2    We will proceed as consulted, making limited refinements to reflect final PRA publications and provide additional clarity where required.

1.2.3    We met with all Jersey incorporated banks (JIBs). All JIBs responded to the consultation, and no other feedback was received.

1.3    Next steps

1.3.1    We have published near-final draft documents on Basel III (jerseyfsc.org). We welcome your feedback on these detailed requirements by 12 July 2026.

1.3.2    Final prudential Codes, reflecting feedback, will be published in July 2026 and take effect from 1 July 2027, with optional early transition from 1 January 2027. All aspects for JIBs will be live in H2 2027.

1.3.3    Contact our Policy team if you have any questions or feedback.

Read our full feedback on the Basel III Prudential Roadmap: large exposures and general matters.