Proof.
We may and do replace R by its localization at \mathfrak p. Then \mathfrak p = \mathfrak m is the maximal ideal of R and A = R/I. Let f_1, \ldots , f_ r \in I be a minimal sequence of generators. The completion of A is equal to A^\wedge = R^\wedge /(f_1, \ldots , f_ r)R^\wedge because completion for finite modules over the Noetherian ring R_\mathfrak p is exact (Algebra, Lemma 10.97.1).
If (1) holds, then the image of the sequence f_1, \ldots , f_ r in R^\wedge is a regular sequence by assumption. Hence it is a regular sequence in R by Algebra, Lemmas 10.97.2 and 10.68.5. Thus (1) implies (2).
Assume (3) holds. Set c = \dim (R) - \dim (A) and let f_1, \ldots , f_ c \in I map to generators of I/I^2. by Nakayama's lemma (Algebra, Lemma 10.20.1) we see that I = (f_1, \ldots , f_ c). Since R is regular and hence Cohen-Macaulay (Algebra, Proposition 10.103.4) we see that f_1, \ldots , f_ c is a regular sequence by Algebra, Proposition 10.103.4. Thus (3) implies (2). Finally, (2) implies (1) by Lemma 23.8.2.
\square
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