Skip to content
Subscriber Only

U.S. Is Urged to Keep Global Banking Goals as EU Reacts to Trump

Light shines off city skycrapers at the Canary Wharf business and shopping district in London.
Photographer: Matthew Lloyd/Bloomberg
Updated on

The European Union’s finance chief called on the U.S. not to abandon efforts to enact global bank capital standards amid signals the new administration will try to dismantle regulations put in place since the financial crisis.

“We must see what the U.S. administration is really doing and then see how we actually react,” Valdis Dombrovskis, an EU vice president and commissioner, told Bloomberg while in Copenhagen on Friday. “The message we’re sending to the U.S. administration is that it’s important to continue with international cooperation in this field.”