Coinciding with my article yesterday on possible postponement/cancellation of Basel 3 Endgame in the US under Trump, the UK’s PRA jumped the gun and announced it too sees a cloud over implementation, and has delayed introduction in the UK.
“The Prudential Regulation Authority (PRA), in consultation with HM Treasury, has decided to delay the implementation of Basel 3.1 in the UK by one year until 1 January 2027. This allows more time for greater clarity to emerge about plans for its implementation in the United States.”
https://www.bankofengland.co.uk/news/2025/january/the-pra-announces-a-delay-to-the-implementation-of-basel-3-1