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.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
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.