EU defers FRTB bank market-risk capital rules for three years to await U.S. and U.K. approaches
The European Commission has postponed the full application of a revamped market risk capital regime for banks by three years. The delay, tied to the Fundamental Review of the Trading Book (FRTB) and Basel III standards, is intended to wait for clarity on how the United States and Britain will adopt equivalent international rules and to preserve a l…