EU lawmakers consider extending FRTB deadline

European Commission policy expert says current deadline is too ambitious

European Parliament: negotiating the CRR II package, along with the Council of the EU

European Union lawmakers are considering extending the deadline for banks to implement new international market risk rules, known as the Fundamental Review of the Trading Book (FRTB), by another year, a conference in London heard on May 23.

“At the moment it has not been agreed yet, but I would say it is possible that a three-year implementation will take place, which I think will ease the process for everyone, including us, and we are in the same situation,” Mikael Katz, a manager in bank poli