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.
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.
The European Commission is confident that outstanding British concerns on a draft law to give the European Central Bank oversight powers can be solved quickly, commission spokeswoman Chantal Hughes said.
The European Union will seek to make large companies disclose the taxes they pay and profits they make on a country-by-country basis as it seeks to crack down on firms evading their obligations.
"Commissioner Barnier has said that he wants to set out for ministers areas of ongoing work with U.S. authorities to align our rules and make sure that the financial sector has coherent and robust regulations."
- Chantal Hughes on Sep 05, 2014