Bundesbank Backs Delay to Trading Rules for European Lenders

Germany’s Bundesbank said Europe should delay new global capital requirements for banks’ trading businesses and could eventually consider permanent changes to them.

“It’s certainly sensible to wait until it’s clear what the US will do,” Bundesbank executive board member Michael Theurer said in a speech on Thursday in Frankfurt. That would provide time to “conduct a fact check” in the interest of preserving “the level playing field” between banks on either side of the Atlantic, he said.