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Europe Delays Stricter Banking Rules to Keep ‘Level Playing Field’ With US Rivals

The Daily Upside
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The European Commission announced Thursday that the so-called Fundamental Review of the Trading Book will be delayed one year until 2027 .

It would place stricter rules on the region’s investment-bank trading desks.

The new rules are part of the Basel III international banking reforms that were introduced in 2017 and designed in response to the 2008 financial crisis.