BoE to delay global banking reform implementation but shorten phase-in period - reports

Basel III reforms

James Baxter-Derrington
clock • 1 min read

The Bank of England is set to delay its implementation of global banking reforms by six months, bringing the UK’s timeline in step with the approach of the US.

According to reports from the FT, the BoE is preparing to reveal a July 2025 implementation deadline over the coming weeks, a shift from the previous target date of January 2025. However, the Bank is also set to shorten the five-year phase-in period by six months and delay finalising certain rules. JPMorgan's Dimon warns bank stocks will suffer under US capital rules This move also pushes the UK out of sync with the EU, which maintains its January 2025 deadline, although a senior EU regulator told the FT that while the bloc could still extend its implementation, it is "not such a ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'

FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'

'Need a new mindset towards risk'

Linus Uhlig
clock 08 October 2024 • 3 min read
FCA to carry out consolidation review

FCA to carry out consolidation review

Sets out two-year priority timeline

Sahar Nazir
clock 08 October 2024 • 3 min read
FCA remains resolute on whistleblowing review amid claims of inaccuracies

FCA remains resolute on whistleblowing review amid claims of inaccuracies

Following Lloyd report

Linus Uhlig
clock 07 October 2024 • 3 min read
Trustpilot