Key facts
- The EU's executive arm has introduced a workaround for its banks.
- The workaround aims to protect lenders from stricter trading-book rules.
- The new rules are intended to be less stringent than those faced by Wall Street competitors.
The European Union's executive arm has unveiled what it hopes will be its final workaround to shield its lenders from being temporarily hit by harsher trading-book rules than those faced by Wall Street rivals.