European Commission plans permanent changes to FRTB
EU legislator will start work on new rules later this year to ensure level playing field with US
The European Commission is set to make permanent revisions to incoming bank capital rules for trading risks, according to a spokesperson for the legislator. The decision comes after US regulators released a draft of the same framework that differs significantly from the global standards the EC had initially followed.
In April, the EC published a draft delegated act making temporary changes to its version of the Fundamental Review of the Trading Book (FRTB), which was finalised by the Basel
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