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EU Commission to propose delay to Basel III's rules on market risk

By Jean Comte ( June 18, 2024, 13:19 GMT | Insight) -- The European Commissioner for Financial services Mairead McGuinness announced that she is planning a legislative proposal to push back the entry into force from January 1st, 2025 to January 1st, 2026. The move, that will require approval from member states and lawmakers, is prompted by the delay in its implementation on the US side.The European Commissioner for Financial services Mairead McGuinness announced today that she is planning a legislative proposal to delay by one year the internationally agreed rules on market risk, also called Fundamental Review of the Trading Book ,or FRTB....

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