European and Asian banks will have more time to fight possible US additional capital rules after the Federal Reserve pushed plans to implement final measures into the new year, according to people familiar with the matter.
Barclays, Credit Suisse, Deutsche Bank and UBS are among the largest European lenders that will probably face an uneven playing field once the Fed finalises its Foreign Bank Organisation (FBO) rules.
The regulator had wanted to complete the measures before the end of the year, but now they will probably be issued in early 2014, according to people familiar with the matter.
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