February 25, 2025 (NO COMMENTS)

Like tomorrow, new market risk capital rules for banks always seem to be one day away. The repeated delays have left bankers with a headache over what to do with their existing market risk management framework, because they can’t predict exactly when it will be replaced.

The problem is particularly acute in the European Union, where the new rules have been completed and are scheduled to come into effect from the start of 2026. If the EU stays on track, it would not be necessary to apply for