Prudential Regulation

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Prudential Regulation

AFME's Prudential Regulation division focuses on the issues relating to changes to the global, EU and UK prudential regulatory frameworks.

Working proactively and reactively on regulatory, legislative and policy initiatives, the division provides members with a forum to discuss prudential issues and concerns, with the aim of:

  • seeking appropriate, measured and globally consistent regulatory outcomes;
  • seeking quality policy developments;
  • enhancing and maintaining AFME's status as a trusted interlocutor;
  • fostering a regulatory dialogue with the industry; and
  • contributing industry expertise to informed debates about regulation.

The division is advised by the Prudential Regulation Board, which sets its broad policy focus and objectives, and the Prudential Regulation Committee, which scrutinises proposed regulations and advises on technical matters. These bodies are supported by a wide range of technical working groups.


AFME is working closely with EU regulators as they seek to implement the final revisions to Basel III in the EU (CRR3)


AFME is currently closely engaged with the EU’s trialogue process to agree CRDV/CRR II


Read AFME’s paper: AFME views on priority areas in the trilogue negotiations on the Risk Reduction Measures Package (RRM)

Basel III 

(December 7 2017 agreement)

AFME is working with international and EU regulators on the future implementation of the Basel III agreement in 2017.

Recovery and Resolution

AFME has been and remains extensively engaged in the development of bank Recovery and Resolution frameworks.


AFME is closely following the Council Action plan to tackle NPLs in Europe.

Read AFME’s study: Impact of Regulation on Banks’ Capital Markets Activities: An ex-post assessment, which was produced in collaboration with PwC.

Michael Lever

Head of Prudential regulation

+44 (0)20 3828 2707

Prudential Regulation

Charlie Bannister

Associate Director

+44 (0)20 3828 2725

Constance Usherwood

Director Prudential

+44 (0)20 3828 2719

Jacqueline Mills

Managing Director

+44 (0)20 3828 2710

Jouni Aaltonen

Managing Director

+44 (0)20 3828 2671

Mark Bearman


+44 (0)20 3828 2675

Michael Lever

Head of Prudential regulation

+44 (0)20 3828 2707

Oliver Moullin

Managing Director, Brexit and Head of Recovery and Resolution

+44 (0)20 3828 2712

Sahir Akbar

Director, Prudential Regulation and Head of Finance

+44 (0)20 3828 2732