The European Central Bank is debating whether to publish sensitive research showing capital requirements for big EU lenders would rise by a double-digit percentage if they had the same rules as large Wall Street rivals.
Some senior policymakers at the ECB are pushing for it to publish the report, or at least some of its findings, to counter heavy lobbying by the banking sector to water down rules implementing the Basel agreement on global capital requirements in the sector.
The pressure from EU banks is likely to increase if the US dilutes or even abandons plans to impose the Basel rules on its banks amid an expected wave of deregulation following Donald Trump’s victory in this month’s presidential election.