UK banks send regulation warning as private credit threat rises Banking Top bosses of UK banks have fired a warning shot over the country’s status as a competitive financial hub as the government’s efforts to overhaul regulation risk missing the mark. Michael Roberts, the top boss of HSBC Bank and chief of corporate and institutional banking, told lawmakers on Tuesday the Treasury’s deregulation work was a [...]
Bank of England unveils shake up of financial crisis banking rules Banking The Bank of England has unveiled a sweeping package of reforms aimed at easing the regulatory burden on smaller and mid-sized banks, marking a major shakeup of the post-financial crisis rulebook. The central bank’s changes include a one-year delay to key parts of the Basel 3.1 reforms – the UK’s version of international banking rules [...]
Bank of England mulls ‘further steps’ to boost City’s global competitiveness Banking The UK's banking regulator is mulling "further steps" to boost the City's international competitiveness as one of its top brass hailed a "broadly welcoming" response to its softening of bank capital rules.
UK’s banking regulator ‘extremely mindful’ of US on capital rules overhaul September 3, 2024 The UK’s banking regulator is “extremely mindful” of pushing ahead with a sweeping set of capital rule changes while the US’s reform package remains up in the air, its chief executive has said. Sam Woods, the deputy governor of the Bank of England and boss of the Prudential Regulation Authority, told the Following the Rules [...]
Regulator set to postpone UK bank capital reforms until at least January 2026 August 29, 2024 The UK’s main banking regulator is reportedly planning to delay the latest series of bank capital reforms as it monitors how the rules are developing in the US. The Bank of England’s Prudential Regulation Authority (PRA) is set to delay its entire Basel 3.1 package until at least January 2026, with an official announcement expected in the [...]