Bank of England Postpones Basel 3.1 Implementation Until 2027

In a significant development for the United Kingdom's financial sector, the Bank of England (BoE) has announced a decision to delay the rollout of the Basel 3.1 framework until 2027. This decision represents a notable shift in the timeline for regulatory compliance within the banking industry, which aims to enhance the resilience of banks following the 2008 financial crisis.

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