Core Insights - EU banking executives are preparing for disappointing regulatory reforms that may leave them at a competitive disadvantage compared to U.S. banks, which are expected to benefit from regulatory relaxations [1][2] - A working group of Eurozone senior officials will submit proposals on bank capital buffers and efficiency measures to the European Central Bank by the end of the year, which will serve as a key reference for a major report from the EU Commission in 2026 [1][2] - The focus of regulators appears to be on improving the efficiency of capital buffers rather than reducing capital requirements, indicating limited effectiveness of the proposed reforms [1][3] Regulatory Changes - The Federal Reserve and other U.S. banking regulators have reached an agreement on a final plan to relax key capital requirements, significantly lowering the expected capital increase for large banks to between 3% and 7%, compared to previous proposals [2] - European banking executives express concerns that the EU's regulatory reforms may only have a "neutral" or even negative impact on the banking sector, especially in light of potential capital requirement relaxations in the U.S. [1][2] Focus on Small and Medium-sized Banks - The working group led by the ECB's Vice President Luis de Guindos aims to provide clear recommendations on capital stacking and reduce the reporting burden for banks, with expectations that simplification measures will primarily benefit smaller banks [3] - Analysts from KBW express low expectations for the working group's outcomes, suggesting that regulatory relaxations will favor U.S. banks over European ones, although any significant reduction in policy burdens could catalyze higher bank valuations [3] Calls for Regulatory Exemptions - European bankers are seizing the opportunity to request local regulators to weaken their version of the Basel III standards, with calls for the permanent establishment of exemptions from the rules [3] - EU regulatory bodies have rejected these simplification efforts, emphasizing that they must not lead to a new financial crisis, with French regulators arguing that recent conditions do not support claims that regulation hinders credit flow [4] Competitive Concerns - European banks argue that their more conservative regulatory stance compared to the U.S. will weaken their competitiveness, pushing for regulators to balance financial resilience with industry competitiveness [4] - Santander's executive chair highlights the difference in terminology used in Europe versus the U.S., indicating a reluctance to openly discuss regulatory relaxation in Europe [4]
欧盟银行业监管放松程度料难媲美美国 行业高管担忧竞争力不足
智通财经网·2025-11-18 09:05