RAM Ratings

    Suha Matar

    A revamp of global bank capital standards is on hold during the change of administration in Washington, with U.S. and European Union negotiators locked in a “fundamental disagreement” over how to stop banks gaming the rules, according to a senior EU official.
    “Where we can have an agreement will depend on where we will have an interlocutor on the U.S. side” who can “take decisions for the U.S.,” Olivier Guersent, a director-general of the European Commission, the EU’s executive arm, said on Wednesday in Brussels. “We all have democratic processes, and these things happen. So we will simply wait.”

    A revamp of global bank capital standards is on hold during the change of administration in Washington, with U.S. and European Union negotiators locked in a “fundamental disagreement” over how to stop banks gaming the rules, according to a senior EU official.
    “Where we can have an agreement will depend on where we will have an interlocutor on the U.S. side” who can “take decisions for the U.S.,” Olivier Guersent, a director-general of the European Commission, the EU’s executive arm, said on Wednesday in Brussels. “We all have democratic processes, and these things happen. So we will simply wait.”

    A revamp of global bank capital standards is on hold during the change of administration in Washington, with U.S. and European Union negotiators locked in a “fundamental disagreement” over how to stop banks gaming the rules, according to a senior EU official.
    “Where we can have an agreement will depend on where we will have an interlocutor on the U.S. side” who can “take decisions for the U.S.,” Olivier Guersent, a director-general of the European Commission, the EU’s executive arm, said on Wednesday in Brussels. “We all have democratic processes, and these things happen. So we will simply wait.”