Bank of England delays rules designed to avoid banking crash by a year
by Kalyeena Makortoff and Mark Sweney from on (#6TMJT)
Donald Trump's return to White House and Rachel Reeves's call for regulators to help drive UK growth taken into account
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The Bank of England will further delay capital rules meant to prevent another 2008-style crash, as it weighs the impact of Donald Trump's return to the White House and the chancellor Rachel Reeves's call for regulators to help drive UK growth.
The Bank's regulatory arm said it was delaying the date by which banks had to implement Basel 3.1 rules by a year, to January 2027.
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