Europe to Delay Bank Trading Rules by One Year, McGuinness Says

The European Union will delay a key part of global bank capital rules by a year, so that the bloc’s lenders will not be disadvantaged by continued wrangling over the standards in the US.

The EU will implement standards related to the so-called fundamental review of the trading book at the start of 2026, rather than in 2025, Mairead McGuinness, commissioner for financial services and markets, said in a speech on Tuesday in Frankfurt.

Bloomberg reported the plan to delay the rules last week.

Read more: Europe Poised to Delay Basel Bank Trading Rules by a Year

Mairead McGuinness

Photographer: Lionel Ng/Bloomberg

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