EU Delays Part of Basel III Implementation

The European Union (EU) has pushed back its timeline to implement a core element of its implementation of the Basel III capital rules by one year to January 2026. The EU is specifically delaying the section on how banks cover markets risk in their trading books, known as the fundamental review of the trading book. This action is driven by  delays in the finalization of the U.S. proposal so as not to disadvantage European lenders against their U.S. competitors.

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