European Commission Delays EU Trading-Book Rules to 2030 as Basel Capital Hit Is Neutralized

2 articles · Updated · Bloomberg · Jun 4

2030 is the new target date after the European Commission on Thursday adopted a plan to delay tougher EU bank trading-book rules and offset their capital impact.
The move is meant to stop EU lenders from facing stricter Basel trading-book requirements before Wall Street rivals, which Brussels says would hand U.S. banks a competitive edge.
The proposal follows an outline presented in April and adds minor technical adjustments alongside the capital-relief mechanism.
EU member states and the European Parliament now have up to six months to scrutinize the measure, in what the Commission hopes will be its final workaround.

Sources

Left100%

As the US loosens bank rules, is Europe's delay a strategic pause or a surrender in the global finance race?

With the EU and US taking opposite paths on bank capital, is the era of globally unified financial rules over?