European banks welcome likely regulation cuts | Arkansas Democrat Gazette

European banks are pressing for regulation changes after the European Commission last month signaled it would tackle some of their biggest complaints about capital rules. Slawomir Krupa, CEO of France’s Societe Generale SA and president of the European Banking Federation, called the move a “resolute step” that could free hundreds of billions of dollars in capital and liquidity locked by national ring-fencing. The push is partly driven by the need for a “global level playing field,” with added momentum from President Donald Trump’s agenda to cut rules. Still, European regulators are wary of future crises, while global talks face friction over easing Basel III rules and addressing threats such as AI and private markets.