BNP Paribas CEO says EU likely to delay trading book capital rules

Core Viewpoint - The European Union is expected to delay the implementation of new capital requirements for banks' trading operations by approximately three years, as stated by BNP Paribas Chief Executive Jean-Laurent Bonnafe [1] Group 1 - The postponement of capital requirements is significant for the banking sector, as it allows banks more time to adjust their trading operations and capital structures [1] - BNP Paribas' CEO provided this insight during a discussion with analysts, indicating the potential impact on the bank's strategic planning [1]