The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The European Union will delay the introduction of key banking rules under the Basel III framework until January 1, 2027, the European Commission announced on Thursday, extending the timeline amid ongoing global uncertainty.
The decision concerns the Fundamental Review of the Trading Book (FRTB), a core component of the post-2008 financial crisis reforms aimed at strengthening global banking regulation. The rules, which were already deferred once to 2026, are designed to improve the risk sensitivity of capital requirements for banks’ trading activities.
"Recent international developments have indicated further delays in the Basel III implementation by some major global jurisdictions," the Commission said in a statement. "Therefore, concerns regarding the international level playing field and the impact on EU banks remain high."
The delay comes as the EU awaits clarity on the United States' approach to financial regulation, with reports suggesting Washington may pursue deregulatory measures under its current administration.
Neither the U.S. nor the UK—two of the world's most influential financial centers—has yet implemented the FRTB, prompting concerns in Brussels about the potential competitive disadvantage to European banks if the bloc were to move ahead unilaterally.
Sources told Reuters last month that the Commission was likely to postpone the rules to align with international developments and avoid disrupting EU market stability.
The FRTB and broader Basel III package aim to reduce risk in global financial systems by enhancing transparency and ensuring banks hold sufficient capital to absorb losses during market shocks.
Despite the delay, the European Commission reiterated its commitment to full implementation of the Basel III framework and said it would continue working with international partners to promote regulatory convergence.
Israel's military said on Monday it had intercepted a drone launched from Yemen after sirens sounded near Eilat, a day after Yemen's Houthis hit an ai...
A 16-year-old has been arrested over the killing of two officers in a gun attack on a police station in the western Turkish city of Izmir on Monday, I...
Russian forces struck a thermal power generation facility in the Kyiv region as part of an overnight attack, Ukraine's energy ministry said on Monday,...
The Azerbaijani women’s 3x basketball team clinched the silver medal at the European Cup to make history at the just concluded tournament in Copenha...
South Korean and Japanese defence ministers agreed on Monday to strengthen cooperation with Washington in response to North Korea’s nuclear threats ...
Israel's military said on Monday it had intercepted a drone launched from Yemen after sirens sounded near Eilat, a day after Yemen's Houthis hit an airport close to the southern Israeli city with a drone.
A 16-year-old has been arrested over the killing of two officers in a gun attack on a police station in the western Turkish city of Izmir on Monday, Interior Minister Ali Yerlikaya said.
Russian forces struck a thermal power generation facility in the Kyiv region as part of an overnight attack, Ukraine's energy ministry said on Monday, provoking localised blackouts and gas outages.
The Azerbaijani women’s 3x basketball team clinched the silver medal at the European Cup to make history at the just concluded tournament in Copenhagen, Denmark.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Russian energy giant Gazprom has signed agreements with Kazakhstan and Mongolia to boost gas cooperation, including increased deliveries to Kazakhstan in 2025–2026 and a study on gasification in Mongolia’s capital, Ulaanbaatar.
A recent Federal Reserve Bank of New York (New York Fed) study reveals that while the use of artificial intelligence (AI) among businesses has grown significantly over the past year, very few companies have carried out AI-related layoffs.
Rising concerns over the U.S. economy and ongoing tariff disputes have put global government bonds under selling pressure, experts say. Donald Trump’s push for interest-rate cuts, combined with a major spending bill, has shaken investor confidence, sending bond prices down while yields rise.
Access to Google services was restored Thursday after a region-wide outage cut off millions of users across dozens of countries, with disruptions reported in platforms including YouTube, Gmail and Maps.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment