January 23, 2025 (NO COMMENTS)

You’re damned if you do and damned if you don’t. Such may be the lot of the European Commission with respect to new market capital risk rules – the Fundamental Review of the Trading Book. Now that regulators in the UK have pushed back their implementation schedule, with the US probably following suit, the EC must decide how to respond in the interests of its constituent banks in the European Union – either delay in line with these jurisdictions, or stick to the schedule.

It seems the legislator