French regulator voices doubts on Europe’s FRTB timeline
Federal Reserve warns EU delay would force US to reconsider 2022 implementation
The need for political negotiations and internal model reviews could result in the European Union overshooting the Basel Committee’s 2022 deadline for implementing new market risk capital rules, according to a leading French regulator.
Speaking at a conference in Brussels yesterday (June 26), the Autorité de Contrôle Prudentiel et de Résolution’s (ACPR) director of international affairs, Frederic Hervo, said “plan A” should be for the EU to implement Fundamental Review of the Trading Book (FRTB
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