European Commission already preparing next FRTB move
As EC runs out powers to delay rules again, proposal for temporary capital relief is on the agenda
The European Commission is preparing a legal act that will introduce temporary changes to future trading book capital rules, according to four industry sources familiar with the plans.
The move is the only easily applied tool available to the legislator to avoid dealers in the bloc being left at a disadvantage to US rivals not subject to the same rules.
“It seems to be very well accepted among policy-makers, but also the industry, that the Commission is working on a third delegated act,” says an
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