The European Commission adopted a delegated act on Wednesday that postpones the date of application of part of the Basel III standards in the EU – the fundamental review of the trading book (FRTB) – by one year. This part will then be applied from Jan. 1, 2026, the Commission announced. With the exception of the framework for market risks, the Basel III standards will apply to all EU banks from next year, it added. The delay had already been hinted at beforehand.