The European Commission is set to recommend a fresh delay to the adoption of new trading book rules that govern the trading activities of banks, according to people familiar with the matter.
The bloc is likely to delay the Fundamental Review of the Trading Book to January 2027 as it waits for clarity on how the US plans to implement the Basel rules, the people said, asking not to be identified discussing internal debates.
A spokesperson for the commission in Brussels didn’t immediately respond to a request for comment. Reuters reported news of the potential delay earlier.
Europe’s plan to ...
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