EU to canvass banks on temporary reprieves to trading rules 

European Commission aims to avoid putting lenders at disadvantage to US competitors

The EU's planned poll about regulatory changes for banks’ trading businesses are expected to outline various options including offering concessions for as much as three years.

The European Union’s planned poll about regulatory changes for banks’ trading businesses are expected to outline various options including offering concessions for as much as three years.

The European Commission intends to ask banks, national authorities, and watchdogs for feedback in order to come to a decision on the rules by the end of June, according to the document. The two other options in the document are implementing the standards as planned or delaying them by a year.