Some EU banks wanted option to start FRTB on time
Representatives of member states raised possibility with European Commission at July meeting discussing the delay
A plan to allow banks in the European Union to press ahead with implementing new trading book capital rules on time was floated but dismissed during talks in the lead-up to the recent delay announced by the European Commission.
Some banks had voiced concerns that postponing the rollout of the new regime could add extra workload and cost.
“We would really like to change [to the new rules] because
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