Stuck in the middle with EU: dealers clash over FRTB timing
Largest banks want Commission to delay implementation, but it’s not the legislator’s only option
You’re damned if you do and damned if you don’t. Such may be the lot of the European Commission with respect to new market capital risk rules – the Fundamental Review of the Trading Book. Now that regulators in the UK have pushed back their implementation schedule, with the US probably following suit, the EC must decide how to respond in the interests of its constituent banks in the European Union – either delay in line with these jurisdictions, or stick to the schedule.
It seems the legislator
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