UK delays Basel bank rules by a year, EU says it's weighing options
The Bank of England said on Friday it would delay tougher bank capital rules by a year to January 2027 to get clarity on what the United States will do under Donald Trump as president, prompting the European Union to say it would also weigh its options.
BoE Delays New Rules For Banks Ahead Of Trump Presidency
The Bank of England said Friday it will delay implementing rules designed to prevent a 2008-style financial crisis as it awaits clarity on how they will be enforced in the US under Donald Trump.
The U.K. again delays key banking rule, saying it will wait for U.S. to decide first
The Bank of England on Friday said it will delay key rules on bank capital for a year while the U.S. decides what to do, a sign of how the incoming Trump administration will impact financial regulation throughout the globe.
EU says Basel bank rules in 'everyone's interests' after UK delay
The European Union said on Friday it was considering its options after Britain announced it was delaying implementation of tougher global bank rules until 2027, adding that it was in "everyone's interest" to implement the reforms fully and on time.
European Banks Warn of Competitive Hit From Uneven Capital Rules
European banks say they risk being put at a disadvantage to global competitors in the face of diverging regulation after the UK announced a delay in implementing international capital standards.
U.K. Delays Basel Banking Reforms Again on U.S. Uncertainty
The Prudential Regulation Authority is pushing back the implementation of the international banking reforms by a year to allow more time for the U.S. to clarify its approach under the Trump administration.
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