PARIS, May 29 (Reuters) – The European Union “could and should” delay the implementation of certain bank capital rules if the U.S. drags its feet too long on fully implementing the Basel III rules, ECB policymaker Francois Villeroy de Galhau said on Wednesday.
President Emmanuel Macron and other French officials have long complained that U.S. banks are not applying the Basel III post-financial crisis capital rules, putting their European rivals at a competitive disadvantage.
Source: REUTER
