The Bank of England has delayed the implementation of the final set of Basel 3.1 banking regulations by one year, citing concerns that U.S. regulatory changes under the Trump administration could put UK banks at a competitive disadvantage.

The new rules, originally set for January 1, 2026, aimed to improve consistency in risk measurement and capital ratios, particularly for larger lenders, and were expected to impose stricter requirements on credit insurance. The regulations will now be implemented starting January 1, 2027.

The EU implemented the rules, with some differences, as of January 1 this year.