UK regulators delay new banking rules for a second time

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The Bank of England has delayed the implementation of the 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 implementation of the rules by six months to January, 2026, and on Friday it said it would delay putting them into force until the start of 2027.

In a statement, the BoE’s Prudential Regulation Authority said: “Given the current uncertainty around the timing of implementation of the Basel 3.1 standards in the US, and taking into account competitiveness and growth considerations, the PRA, having consulted with HM Treasury, has decided to further delay implementation of the rules.”

This is a developing story