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.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of May, covering the latest developments you need to know.
A tanker reported being hit by unknown projectiles in the Strait of Hormuz, a maritime security organisation said on Monday, shortly after President Donald Trump said the U.S. would start helping free ships stranded in the Gulf by the U.S.-Israeli war on Iran.
Ukraine is monitoring “unusual activity” along its border with Belarus, President Volodymyr Zelenskyy said in a video statement released on Saturday (2 May). He warned that Kyiv is ready to respond if necessary amid continued regional tensions linked to Russia’s war.
Hundreds of young people in South Korea have gathered in Seoul to take part in a city-backed “power nap contest”, aimed at drawing attention to the country’s chronic sleep deprivation.
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy.
U.S. President Donald Trump has said he will “soon be reviewing” a new 14-point proposal sent by Iran, casting doubt on the chances of a deal after Tehran called for security guarantees, an end to naval blockades and a halt to the war across the region, including in Lebanon.
Malian authorities have launched an investigation into suspected soldiers accused of involvement in coordinated attacks on military bases carried out by militants linked to al Qaeda and separatist Tuareg rebels on 25 April 2026.
U.S. President Donald Trump has said he will raise tariffs on cars and trucks imported from the European Union to 25% next week, up from the 15% level agreed last year, accusing the bloc of failing to comply with its trade commitments.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
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China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
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