European banks welcome likely regulation cuts | Northwest Arkansas Democrat-Gazette

European banks are weighing a potential shift in banking rules after the European Commission last month promised to address major complaints from lenders. Slawomir Krupa, CEO of France’s Societe Generale SA and president of the European Banking Federation, said the proposals are a “resolute step” after years of frustration. The package could release hundreds of billions of dollars in capital and liquidity constrained by national ring-fencing, and may open the door to changes in parts of the global capital accord that local banks resist most. The effort is backed by politicians and banks seeking a “global level playing field,” plus a tailwind from Donald Trump’s rule-cutting agenda, even as regulators remain cautious about crisis risk.