Finance

EU Set to Delay Implementation of Bank Trading Rule

EU Financial Services Commissioner Maria Luis Albuquerque.
Photographer: Simon Wohlfahrt/Bloomberg

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By Max Ramsay and Laura Noonan

May 22, 2025 at 12:33 PM UTC

Corrected

May 23, 2025 at 8:53 AM UTC

The European Commission is set to recommend a fresh delay to the adoption of new trading book rules that govern the trading activities of banks, according to people familiar with the matter.

The bloc is likely to delay the Fundamental Review of the Trading Book to January 2027 as it waits for clarity on how the US plans to implement the Basel rules, the people said, asking not to be identified discussing internal debates.