Trading

Banks’ trading arms get Basel reprieve as EU pushes back reforms

EU Commission says US delays mean its ‘fundamental review of the trading book’ will not come through until 2026

Lawmakers are still trying to push through their ambitious capital reform package despite opposition
Lawmakers are still trying to push through their ambitious capital reform package despite opposition Photo: Getty Images

Banks’ trading desks are set to get another year to prepare for new capital rules as a US pushback to Basel III continues to hamper their introduction.

The Financial Times reports that with US lawmakers expected to delay the rules for their jurisdiction, European peers don’t want to be at a disadvantage.

WSJ Logo