Most Banks Want EU to Delay Trading Book Rules, Industry Poll Says

A majority of banks want the EU to postpone the adoption of new trading book rules, a survey shows, heaping pressure on the bloc to follow similar moves in the US and the UK.

A “clear majority” of participants in a survey were in favor of “an additional one-year delay” to changing a set of rules known as Fundamental Review of the Trading Book, two influential lobby organizations said in a written response to an EU consultation.