Cracks appear in Basel III unity as EU delays Endgame reforms on capital holdings

EU implementation of the Basel III 'Endgame' provisions is to be delayed a year, meaning that banks operating there will not be required to introduce them before rivals in the United Kingdom, United States and elsewhere.

By Neasa MacErlean

But there are signs that these reforms, which introduce larger capital buffers, could be reshaped under US pressure and might never come into force globally in their current form.