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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Mark Sweney

Bank of England delays rules designed to avoid banking crash by a year

People walk near the Bank of England building in London
The Bank of England’s regulator said it was taking into account competition and growth considerations. Photograph: Maja Smiejkowska/Reuters

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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