Multi-Jurisdiction Reporting
Basel III/IV, CRR3/CRD VI, UK PRA and local regulator variant reconciliation across the group
Entities Covered
6
Regulatory Frameworks
5
Entities in Variance Review
2
Largest Local-to-Group Variance
0.7pp
| Entity | Local Framework | CET1 (Local Basis) | CET1 (Group Basis) | Variance | Status |
|---|---|---|---|---|---|
| Meridian Bank UK plc | Basel 3.1 / UK PRA | 12.4% | 12.6% | 0.2pp | Reconciled |
| Meridian Capital Markets Ltd | CRR3 / EBA | 16.7% | 16.5% | 0.2pp | Reconciled |
| Meridian Bank (Ireland) DAC | CRR3 / CBI | 15.1% | 14.6% | 0.5pp | Variance Review |
| Meridian Singapore Branch | MAS Notice 637 | 17.9% | 17.2% | 0.7pp | Variance Review |
| Meridian US IHC | US Basel III (Fed) | 13.8% | 13.5% | 0.3pp | Reconciled |
About This Agent
Data on This Page
Each legal entity's local regulatory framework alongside its CET1 ratio computed on both a local-rules basis and a group (home-regulator) basis, with the resulting variance and a reconciled/variance-review status. Stat tiles cover entities covered (6), distinct frameworks in use (5), entities under variance review, and the largest local-to-group ratio variance.
What This Agent Does
Runs each subsidiary's capital calculation twice — once under its local regulator's rulebook (PRA, EBA/CRR3, MAS, Fed) and once translated onto the group's home-regulator basis — then reconciles the two, explaining every material variance (national discretions, transitional arrangements, local add-ons) so Group Risk can sign off a single, defensible group-wide capital position.
Worked Examples
- Meridian Singapore Branch shows the largest variance (0.7pp) driven by MAS's higher standardised risk weight for residential mortgages versus the CRR3 basis used at group level.
- Meridian Bank (Ireland) DAC's 0.5pp variance stems from a national discretion on unrealised sovereign bond gains not recognised under CBI transitional rules.
- Meridian US IHC reconciles cleanly at 0.3pp variance, mostly timing differences in the Fed's stress capital buffer versus the group's own CCyB assumption.