Delay revised Basel capital rules, say bankers

Regulatory heads at JP Morgan and BNP Paribas recommend regulatory recess

US Treasury
The US Treasury is preparing a report on financial regulation

Leading banks have called for a “pause” in the roll-out of new Basel capital requirements to allow time for a thorough impact study on the effects of the package. 

“This is a good time for a pause to assess the cumulative impact of the rules,” said Betty Whelchel, a regulatory affairs head at BNP Paribas.

She singled out the net stable funding ratio (NSFR) and the Fundamental review of the trading book (FRTB) among the rules that could be put on hold pending the completion of an impact study. 

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