LONDON, Jan 17 Reuters The European Union said on Friday it was considering its options after Britain announced it was delaying implementation of tougher global bank rules until 2027, adding it was in everyone39;s interest to implement the reforms fully and on time.

The EU is now considering which steps to take on this in light of developments in other jurisdictions, including the US and the UK, Olof Gill, spokesperson for financial services for the European Commission, said in an emailed statement.

The EU last year delayed implementation of the Basel rules to January 2026.

International standards set common requirements with the double objective to ensure that banks are resilient and that they compete globally on similar terms, Gill said in the statement.

The EU is firmly committed to Basel standards and considers that its in everyones interest to implement them fully and on time.

Reporting by Iain Withers Editing by Tommy Reggiori Wilkes

Source Reuters