- EU lenders fear being disadvantaged by early implementation
- Some regulators worry about more changes to landmark package
- The EU now plans a later implementation for rules that affect banks’ trading businesses, since those activities are global in nature.
The European Union is set to delay key parts of global bank capital rules by a year, so that the bloc’s lenders will not be disadvantaged by continued wrangling over the standards in the US, according to people familiar with the matter. The EU was due to implement the wider package starting Jan. 1, some seven years after the measures were agreed by regulators on the Basel Committee on Banking Supervision as the final part of rule-making designed to prevent a repeat of the 2008 financial crisis.