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Europe Delays Stricter Banking Rules to Keep 'Level Playing Field' With US Rivals
4 Articles
4 Articles
Europe Delays Stricter Banking Rules to Keep 'Level Playing Field' With US Rivals
The European Union’s executive arm is holding off on implementing new banking rules that could be tantamount to putting a potato sack around the legs of the region’s lenders in the middle of a 100-yard dash against their US counterparts. The European Commission announced Thursday that the so-called Fundamental Review of the Trading Book, a boring technocratic name if there ever was one, will be delayed one year until 2027. It would place stricte…
Market Consensus Link Securities Reuters reported that the European Commission (EC) announced yesterday that it will delay the implementation of the new global rules governing banking operations by one year, until January 1, 2027. Sources informed Reuters last month that the European Union (EU) would delay the implementation of the rules pending further clarity on the plans of the US government to deregulate its financial sector. The so-called …
EU delays Basel trading rules to 2027, easing pressure on ETS « Carbon Pulse
The European Commission has postponed by a further year the implementation of a key part of the Basel III banking rules, easing concerns among carbon market participants that stringent capital requirements could constrain trading in EU emissions allowances.
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