BoE postpones date for UK banks’ Basel III compliance

PRA says it needs more time to consider feedback on credit risk and output floor proposals

Bank of England blue sky
The Bank of England

The Bank of England will postpone the implementation of Basel III capital rules by UK lenders by six months, it announced today (September 27).

Banks in the UK will now have July 1, 2025 as their implementation date for the reforms, the BoE’s Prudential Regulation Authority (PRA) said. It is also reducing the transitional period to four and a half years, so the reforms will be fully implemented by January 1, 2030.

The PRA said it was also splitting its “near-final” policy statements on the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account