European banks are hopeful that the European Commission's recent proposals will ease capital and liquidity rules, following the US's aggressive deregulation under President Donald Trump. The EU package could release hundreds of billions of euros trapped by national ring-fencing and opens the door for changes to the global Basel III output floor, a rule US regulators have already abandoned. Societe Generale CEO Slawomir Krupa, who also heads the European Banking Federation, called the move 'a resolute step in the right direction for the first time in years.' However, the European Central Bank and other supervisors remain wary of loosening rules, setting up potential clashes over how to responsibly ease regulation while addressing emerging risks like AI and private credit.
Societe Generale S.A.Societe Generale CEO praises EU deregulation as a step in the right direction.
Deutsche Bank AktiengesellschaftEU easing of capital and liquidity rules benefits Deutsche Bank.
JPMorgan Chase & Co