Financial Services Financial Services

EU banks will get flexibility from Basel rules, German official says

By Jack Schickler
  • 25 Feb 2021 06:57
  • 25 Feb 2021 06:57

EU banks will get flexibility within global bank-capital norms, a senior German official has said, as European policymakers fret that new rules could hamper business lending.

But a wholesale departure or delay to international banking rules could prove “disastrous,” Jörg Kukies, state secretary at the German Federal Ministry of Finance, told

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