21/06/24 (Agence Europe) – On Friday 21 June, the European Commissioner for Financial Services, Mairead McGuinness, confirmed the European Commission’s intention to propose, by means of a delegated act, to postpone by one year, until January 2026, the entry into force of certain rules in the ‘Basel III’ package strengthening banking prudential requirements (see EUROPE 13420/31). These provisions concern the ‘fundamental review of the trading book’ of investment banks. Ms McGuinness spoke of the importance of maintaining a “level playing field” between European and US banks, as the United States will not be ready to implement the Basel III package until January 2026. We are maintaining the application in the EU of the rest of the Basel III package from “January 2025”, she assured. (MB)