Banks Are Getting Ready for Battles in 2018

Proposals mean no let-up for banks in 2018 after Basel III win
Lenders only have until this week to lobby EU lawmakers

The River Main flows past commercial and residential property as skyscrapers stand in the financial district as the city skyline is seen from the 15th floor pantry area inside the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, Oct. 18, 2017. In a tweet with the hashtag #Brexit, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein on Thursday hailed “great meetings” he had in Frankfurt and said he will spend a lot more time there.Photographer: Alex Kraus/Bloomberg

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By John Glover and Alexander Weber

January 25, 2018 at 5:00 AM UTC

Updated on

January 25, 2018 at 12:31 PM UTC

This article is for subscribers only.

European banks may have scored a victory in having the Basel III capital standards toned down, but that doesn’t mean they can rest on their laurels.

There are more battles to come in 2018, in particular lobbying lawmakers on a series of measures designed to reduce risk in the system. The regulations are deemed a vital step toward the banking union that the euro zone hopes will secure its future.