MNI China Daily Summary: Friday, January 17

MNI BRIEF: UK To Delay Implementation of Basel 3.1 Until 2027

MNI: UK DEC RETAIL SALES EX-FUEL -0.6% M/M, 2.9% Y/Y

MNI BRIEF: NBS Notes Favourable Conditions For China CPI

MNI BRIEF: China's Q4 GDP Grow By 5.4%, Meeting 2024 Target

MNI: PBOC Net Injects CNY100.5 Bln via OMO Friday

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

MNI: EUROZONE DEC FINAL HICP +0.4% M/M, +2.4% Y/Y

MNI: UK DEC RETAIL SALES -0.3% M/M, +3.6% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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BOE: PRA delays Basel 3.1 implementation to January 2027

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"The Prudential Regulation Authority (PRA), in consultation with HM Treasury, has decided to delay the implementation of Basel 3.1 in the UK by one year until 1 January 2027. This allows more time for greater clarity to emerge about plans for its implementation in the United States." Full statement here.

  • In September the implementation date was "delayed the implementation date by six months to 1 January 2026 based on consultation feedback."
  • "The transitional periods in the rules will be reduced to ensure the date of full implementation remains at 1 January 2030, as set out in the original proposals"
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"The Prudential Regulation Authority (PRA), in consultation with HM Treasury, has decided to delay the implementation of Basel 3.1 in the UK by one year until 1 January 2027. This allows more time for greater clarity to emerge about plans for its implementation in the United States." Full statement here.

  • In September the implementation date was "delayed the implementation date by six months to 1 January 2026 based on consultation feedback."
  • "The transitional periods in the rules will be reduced to ensure the date of full implementation remains at 1 January 2030, as set out in the original proposals"