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The Bank of England has delayed the implementation of Basel 3.1 banking rules for a second time, as UK authorities await clarity on how the incoming Trump administration will deal with the regulations.
The BoE had already pushed back the implementation of the rules by six months to January, 2026, and on Friday said it would delay putting them into effect until early 2027.
In a statement, the BoE's Prudential Regulation Authority said: “Given the current uncertainty about the timing of the implementation of the Basel 3.1 standards in the US, and taking into account competition and growth, the PRA, after consultation with HM Treasury, has decided to further delay the implementation of the rules.”
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