Unlock Editor’s Digest for free
Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter.
The Bank of England has delayed the implementation of Basel 3.1 banking rules for a second time, while UK authorities await clarity on how the new Trump administration will deal with the regulations.
The BoE has already delayed implementation of the rules by six months until January 2026, and on Friday said it would delay their entry into force until early 2027.
In a statement, the BoE’s Prudential Regulation Authority said: “Given the current uncertainty around the timing of the implementation of Basel 3.1 in the US, and taking into account competitive and growth considerations, the PRA, in consultation with HM Treasury, decided to further delay the implementation of the rules.”
This is a developing story
