Britain Aligns With EU on Basel Bank Capital Rules

Britain Aligns With EU on Basel Bank Capital Rules
People stand outside the Bank of England in London on Jan. 23, 2022. Henry Nicholls/Reuters
Reuters
Updated:

LONDON—The Bank of England said on Monday that it planned to implement a final set of post-financial crisis capital requirements for banks from January 2025, bringing Britain in line with the European Union in a move that banks will welcome.

Tough bank capital reforms were agreed at the global level after banks were bailed out by taxpayers in the crisis.