Europe to delay bank trading rules by one year, McGuinness says

Financial services commissioner Mairead McGuinness says one-year delay will ensure 'level playing field'

Mairead McGuinness: 'The delay of one year of the market risk rules in the EU should not be considered an encouragement to depart from this international agreement.' Picture: Lionel Ng/Bloomberg

The European Union will delay a key part of global bank capital rules by a year, so the bloc’s lenders will not be disadvantaged by continued wrangling over the standards in the US.

The EU will implement standards related to the so-called fundamental review of the trading book at the start of 2026, rather than in 2025, Mairead McGuinness, commissioner for financial services and markets, said in a speech on Tuesday in Frankfurt.