Recital 3

(3) In recent months, the monitoring of the implementation of the FRTB standards has shown that while a small number of jurisdictions have indeed progressed with their implementation, the uncertainty around implementation timelines in the jurisdictions with many internationally active banks remains very high and further delays are expected or have been confirmed. It is therefore necessary to defer the application of the FRTB standards for the calculation of own funds requirements for market risk in the Union by one additional year.

← Recital 2 · All articles · Recital 4 →

Source: EUR-Lex (Cellar) · retrieved 2026-10-16 · Text as adopted (Official Journal); later amendments are not incorporated in this text.