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EU to delay Basel III bank rules pending Trump's deregulation moves, sources tell Reuters
By Francesco Canepa, Jan Strupczewski, and Giuseppe Fonte
Reuters
Thursday, May 22, 2025
FRANKFURT, Germany -- The European Union is set to delay new, global rules governing banks' trading again as it waits for more clarity about the U.S. administration's plans to deregulate its financial sector, sources told Reuters.
The Fundamental Review of the Trading Book is a key part the Basel III package devised in the wake of the global financial crisis but not yet implemented by Britain or the United States, two key financial centers.
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Its adoption in the EU was already pushed back by a year to 2026 last year, when it became clear that the United States would not be able to adopt the rules by its original deadline.
The latest, one-year postponement to January 1, 2027, reflects pressure from European banks fearing they will find themselves at a disadvantage to their U.S. and UK rivals, five senior officials at European and national institutions said. ...
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