The UK delayed its implementation of a significant update to international bank capital rules for a third time to allow for more clarity over its rollout in the US.

The Bank of England said on Friday it would delay tougher bank capital rules by a year to January 2027 to get clarity on what the United States will do under Donald Trump as president, prompting the European Union to say it would also weigh its options.

The Prudential Regulation Authority is pushing back implementation of the Basel 3.1 reforms by a year to allow more time for the U.S. to clarify its approach under the Trump administration.