Bank of England delays new capital rules ahead of Trump presidency
- The Bank of England announced a delay in tougher bank capital requirements until January 2027 due to pushback against stricter standards in the US.
- The global Basel Committee's standards aim to make the banking system safer after the 2008 crisis and face opposition from US banks.
- Incoming President Donald Trump's potential banking regulator, Travis Hill, plans to reconsider the capital rules known as the 'Basel Endgame.'
- The Bank of England's decision considers competitiveness and growth, allowing time for clarity on US implementation plans.
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Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
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