On Monday 24 March, the European Commission launched a public consultation to determine the best approach for applying the capital requirements for risks taken in connection with the market activities of investment banks (Fundamental review of the trading book, or FRTB), which are part of the Basel III package strengthening banking prudential requirements.
The EU institution has already postponed the entry into force of these rules by one year, to January 2026 (see EUROPE B13420A31)....