LONDON (Reuters) – The Bank of England said on Monday that it would look to implement a final set of post-financial crisis Basel 3 regulatory changes with effect from Jan. 1, 2025, subject to a consultation beginning in the final three months of this year.
“Basel 3.1 is the final package of banking prudential reforms developed in response to the 2008/09 financial crisis. It is an important and comprehensive package of measures that will make significant changes to the way firms calculate Risk Weighted Assets,” the BoE said.
(Reporting by David Milliken, Editing by Kylie MacLellan)
