US Is Said to Seek Repeal of Basel Rule Twist That Aided BNP (1)

Oct. 1, 2025, 9:13 AM UTC

The US is pushing for a change in global bank rules that would increase the burden on some of the euro-region’s largest lenders, setting the stage for a clash with Europe’s most senior bank supervisors.

Officials at the Federal Reserve are seeking to repeal a three-year old decision to treat the euro zone as a single domestic market when assessing banks’ cross-border exposures, according to people familiar with the matter. Major European firms including BNP Paribas SA benefited from the treatment because some capital surcharges depend on how international a lender is in the eyes of regulators.

The US initiative, ...

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