Deutsche Bank CFO Urges Europe to Weaken Bank Capital Rules

The European Union should water down its new capital rules for banks by ensuring that certain elements never fully bite, according to Deutsche Bank AG Chief Financial Officer James von Moltke.

Some temporary exemptions that weaken the rules for loans to companies without credit ratings and for some mortgages should be made permanent, von Moltke said at a conference in Frankfurt on Tuesday. Those so-called transitional arrangements are currently set to expire in 2033.