ECB split over report showing big EU banks’ capital requirements lower than US rivals

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Financial Times 10h ago

ECB split over report showing big EU banks’ capital requirements lower than US rivals - Financial Times

Quick Summary:

The pressure from EU banks is likely to increase if the US dilutes or even abandons plans to impose the Basel rules on its banks amid an expected wave of deregulation following Donald Trump’s victory in this month’s presidential election.

European banks also hold bigger “management buffers” above their minimum capital requirements than US peers.

The ECB report, which was completed last year but has never been published, examined what would happen to EU bank capital requirements if they were subjected to current US prudential rules.