The European Commission is ready to take steps to ensure the start dates for new bank capital rules on the trading book will align globally across all jurisdictions, Risk.net has learnt. With uncertainty clouding the timing of the US implementation for these new prudential standards, this makes it more likely the European Union will alter its own go-live date.
“We are very aware of the issue and the relevance of the market risk standard for the global level playing field,” says an EC spokesperson
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