Banks Split on Proposed EU Delay to Capital Rules, Survey Shows

Banks representing more than 40% of the European Union’s securities market are opposed to further delays to new capital rules for their trading businesses, underlining the difficulty the bloc faces in maintaining a global level playing field amid uncertainty around the implementation of the rules in the US.

The European Commission is considering options to stop new market risk capital framework rules from coming into force until 2029 after lobbying from some lenders. But a survey of 31 banks by ISDA, AFME and the IIF shows that firms accounting for 43% of trading activity want the new rules, known as ...