BoE delays implementing new market risk framework until 2028
Finalising it could be “tenuous dream”, says expert
The Bank of England has delayed implementing the market risk component of the final Basel III framework, after regulators in the US and continental Europe also stalled on putting in place similar reforms.
The BoE today (July 15) announced that it would delay by a year the introduction of new rules governing how banks calculate market risk, with January 1, 2028 becoming the new implementation date.
The revised framework would introduce stricter rules for banks that use internal models, rather than
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