Europe is set to delay its decision on how to implement Basel III bank liquidity rules beyond a June 30 deadline.
Banks may be pushed by the European Union to hoard extra capital buffers beyond minimum requirements proposed by global requlators last month.
European Union attempts to win exemptions from U.S. rules for swaps trading platforms that take effect today have been hampered by the partial shutdown of the American government.
European Union negotiators face a clash over rules forcing investors to shoulder some of the losses at failed banks just days before a vote on the legislation.
Banks using U.S.-based clearinghouses to handle their swaps trades are set to win a reprieve from tougher capital rules as the European Union said it will take more time to assess whether American regulations are strict enough.
The agency that oversees the U.S. municipal-bond market delayed proposed rules for financial advisers until the Securities and Exchange Commission defines who will be subject to the regulation.
"This is an important proposal to deal with those banks that still, despite all the steps taken since the crisis began, would pose a risk to the EU economy if they failed."
- Chantal Hughes on Jul 16, 2014