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The Bank of England has postponed the implementation of Basel 3.1 banking rules for a second time, as UK authorities await clarity on how the incoming Trump administration will handle the regulations.
The Bank of England had already postponed implementation of the rules by six months, until January 2026, and said on Friday that it would postpone putting them into force until the beginning of 2027.
The Bank of England's Prudential Regulation Authority said in a statement: “Given the current uncertainty about the timing of the implementation of Basel 3.1 standards in the United States, and taking into account competitiveness and growth considerations, the Prudential Regulation Authority has decided, after consultation with the UK Treasury, to further delay in implementing the rules.”
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