France Pushes EU to Delay Bank Trading Capital Rules (Correct)

France is pressing the European Union for a third delay on new rules that will impose higher capital requirements on banks, arguing the current timeline will put the bloc’s lenders at an unfair disadvantage, according to people familiar with the matter.

The rules, known as Fundamental Review of the Trading Book or FRTB, will force banks to set aside more capital for their trading operations. The European Commission decided earlier this year to postpone the measures until 2027. The UK subsequently announced it’s pushing back the relevant rules until 2028.

France, home to lenders with large international trading businesses ...