EC official offers hope to prop traders on capital rules
Official sees problems in draft regulation, says EU council and parliament are discussing them
A European Commission official has extended a possible olive branch to beleaguered principal trading firms, which are worried proposed capital requirements will drive them out of the European Union altogether.
The requirements form part of what is commonly known as the investment firms regulation, due to be finalised by April 2019. After the European Banking Authority (EBA) sent the EC its recommendations, the commission approved the draft legislation in December and passed on the package to
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