ECB Backs Compromise Over Trading Rules That Divided Banks
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The European Central Bank signaled support for a twin-track implementation of new trading rules, pointing the way to a compromise over a reform that’s driven a wedge between small banks and big ones.
In its contribution to a consultation by the European Commission, ECB staff said letting banks to choose whether to apply the rules next year or wait until 2027 “could help keep the momentum” for the rollout.