UK Delays Bank Capital Reforms Until January 2026; BoE to Release Basel 3.1 Rules and Consult on Smaller Banks on September 12

The UK government is set to delay the implementation of bank capital reforms until at least January 2026. This decision comes as part of ongoing regulatory considerations. The Bank of England (BoE) announced that it will publish the second and near-final Basel 3.1 capital rules for banks on September 12, 2024. Additionally, the BoE plans to consult on capital proposals specifically for smaller banks in Britain on the same date. These developments indicate a cautious approach to banking regulations amid evolving financial landscapes.