The dispute underscores the economic and political tensions that have long strained global agreements designed to prevent another banking meltdown.
The lobbying battle marks the last phase of an effort by regulators around the world to protect their economies and taxpayers from banking instability that helped fuel the Great Recession.
But European banks have struggled to compete with U.S. lenders. “The revenue growth, profitability and valuations of European banks have been trailing behind their U.S. peers since the [financial crisis],” anAs a result, EU politicians have agreed to numerous carveouts from the Basel agreement to protect the industry, taking a lighter touch to products including low-risk mortgages and loans to companies without a credit rating, to limit the capital blow.
“Watering down the safeguards provided by agreed global standards now would send a detrimental message not only on the future resilience of EU banks, but also regarding the EU’s commitment to international agreements,” European Central Bank vice president Luis de Guindos said in June.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
AUD/USD rebounds ahead of RBA’s decision, as Wall Street pauses on Labor DayThe Australian Dollar (AUD) pared some of its last Friday’s losses against the US Dollar (USD) ahead of the upcoming Reserve Bank of Australia’s (RBA)
続きを読む »
Wall Street is off to downbeat start following two weeks of gainsStocks fell on Wall Street as traders return from a long holiday weekend.
続きを読む »
How China's slowdown could hit Washington and Wall StreetThe spillover from a slowing Chinese economy “cannot just be wished away,” said Josh Lipsky, a former State Department and IMF official who’s now the senior director of the Atlantic Council's GeoEconomics Center.
続きを読む »
Watch these stocks ahead of a historically weak September on Wall StreetThese stocks have historically outperformed overall market weakness in September trading.
続きを読む »
Business Highlights: UAW clashes with Big 3 automakers as strike deadline looms; Wall Street slipsBusiness Highlights: A summary of the day’s top stories in the business world.
続きを読む »
Here are Tuesday's biggest analyst calls: Nvidia, Apple, Disney, Walmart, Lowe's, Alphabet & moreHere are the biggest calls on Wall Street on Tuesday.
続きを読む »