Although it is hoped the delay will be short, the EU says January is no longer a realistic deadline for implementing Capital Requirements Directive IV, put forward by the Basel Committee on Banking Supervision. Leverage limits, bankers' bonuses and liquidity rules are among sticking points. "While a delay in implementing CRD IV is to be expected, it is important for firms planning their operational requirements that there is clarity as soon as possible on when this legislation is to be adopted," said Michael Lever, a managing director at AFME.

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