The European Commission will delay the start of new trading rules for banks until January 1, 2027, extending the timeline by one year.
The move follows recent signs that the United States may further postpone its own adoption of the global banking standards.
The rules, known as the Fundamental Review of the Trading Book, are part of the broader Basel III reforms that were introduced after the global financial crisis. They aim to strengthen how banks manage risks tied to trading activities.
The delay comes after the EU already pushed back the implementation to 2026 last year, citing slow progress in the U.S. Now, the Commission said developments in other major economies raise concerns about maintaining equal competition for EU banks.
The rules have not yet been adopted by the United States or the United Kingdom, both major financial centers.
The Commission said it remains concerned about the international level playing field and the impact further delays may have on banks in the EU.
