The European Union’s regulatory arm is planning to ask the banking industry for feedback on a proposal that would further delay the implementation of new regulations that govern their trading activities.

A likely delay in tougher new capital rules for UBS has fed uncertainty about the outlook for the Swiss bank but also paused potentially onerous burdens as the Trump White House's drive to deregulate puts U.

The European Union's regulatory branch plans to seek banking industry feedback on whether to further delay putting into effect new rules that supervise their trading activities, according to a media report on Friday.

New banking rules for UBS could face a long delay after Switzerland's finance ministry on Wednesday said it wanted lawmakers to decide on key capital requirements and that a referendum to approve them might be at least three years away.