By Huw Jones
LONDON (Reuters) -The European Union will delay a core element of global reforms to bank capital rules by one year to January 2026, the bloc’s financial services chief said on Tuesday, to ensure a level playing field between EU banks and their U.S. rivals.
Countries are introducing the last batch of a global bank capital accord known as Basel III, rolled out after taxpayers were forced to bail out lenders in the global financial crisis of 2007-09.
EU financial services commissioner Mairead McGuinness, said it was becoming clear the United States would not be able to meet its…