Explainer: What changes to Basel 3.1 mean for UK banks

The UK has followed the US in easing capital requirements for lenders under the Basel III regime. The Prudential Regulation Authority on Thursday morning announced a six-month delay to the implementation of Basel 3.1 standards, with significantly lower capital requirements for small and medium-sized enterprises, trade finance and infrastructure lending.Want to continue reading The Banker?Benefit from expert analysis, exclusive data and rankings, clear insight into innovation, regulation and strategy, and the context you need to stay ahead of critical developments in global finance.View your subscription options