🕰️ The Bank of England has delayed the UK’s Basel III implementation to January 2027, citing US regulatory uncertainty and competitiveness concerns. This follows the Fed’s softening of Tier 1 capital requirements under Basel Endgame in September last year. 🌐 EU regulators, already ahead with Basel reforms, may adjust their timelines further to align with global developments. Experts warn that regulatory divergence among major financial hubs could destabilise global financial systems, with some calling it a “race to the bottom” in banking standards. ⚖️ While the UK’s full Basel III implementation remains on track for 2030, the shifting regulatory landscape reflects ongoing tensions between financial stability and competitiveness goals. *Read more here:* https://on.ft.com/40PJ7hn