New prime minister Liz Truss is set for another fight with the Bank of England, this time over post-crisis rules for banks.
As the Bank's Prudential Regulation Authority prepares to consult on the next iteration of the Basel rulebook governing bank capital requirements, it will not look for any significant relaxation of the rules, the Telegraph reported, in a move that will run up against the Truss administration's drive to slash red tape across the City.
