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 "everyone's interest" to implement the reforms fully and on time.

European banks say they risk being put at a disadvantage to global competitors in the face of diverging regulation after the UK announced a delay in implementing international capital standards.

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