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Banks Seeking Softer Capital Rules Rebuffed by EU Regulator

  • EU shouldn’t deviate from Basel Committee standards, EBA says
  • Banks’ campaign to loosen capital rules unsuccessful so far
The Societe Generale SA headquarters, center, stand with other skyscrapers in the La Defense business district, Paris. 

The Societe Generale SA headquarters, center, stand with other skyscrapers in the La Defense business district, Paris. 

Photographer: Christophe Morin/Bloomberg
Updated on

European banks lobbying for special treatment on new capital rules are in for a disappointment.

The European Banking Authority said the bloc should stick closely to what was agreed at a global level when it implements new regulations in the region, according to a report published on Monday. It specifically rebuffed suggestions from banks on how to tailor the rules to limit any increases in capital requirements.