As risk of US Basel delay grows, Europe is in a bind over CVA

European Commission may postpone FRTB, but it’s hard to separate surgically from rest of framework

European Union legislators are learning something many surgeons already know. Operating may provide the only solution to alleviate a patient’s pain, but it can lead to complications.

The European Commission was given the ability to operate on one limb of a package of several reforms that will implement the Basel Committee on Banking Supervision’s global standards, known as Basel III. The EC’s scalpel was the power to delay the start date for that one part of the package, to make sure the EU

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