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The Bank of England is delaying the implementation of Basel 3.1 banking rules for the second time, while the UK authorities await clarification on how the incoming Trump administration will deal with the regulations.

The BoE has already pushed back implementation of the rules by six months until January, 2026, and on Friday said it would delay its implementation 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 considerations, the PRA, which in consultation with HM Treasury, decided to further delay the implementation of the rules.”

This is a developing story