French President E
mmanuel Macron said on Thursday that getting European re
gulation to be more in sync with the United States and the United Kingdom was
one of his priorities for the banking and insurance sectors.
Speaking at JPMorgan’s markets conference in Paris, Macron said: “If
there is no synchroniza
tion, we will clearly delay in terms of capacity of financing.”
The regulatory gap
between the United States and Europe is widening, as U.S. authorities move t
o ease capital requirements while the EU, for now, plans to implement ke
y parts of the Basel III package — including stricter mar
ket risk rules — in January 2026.
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The divergenc
e is fueling concern among European banks, which warn it could distort
competition and enco
urage regulatory arbitrage in the global financial system.
The Financial Time
s reported on Tuesday that Brussels is making a renewed push to deep
en and better integrate capital markets across the EU, with European Commiss
ion President Ursula von
der Leyen making the project one of her second term priorities.
(Reporting by Mathieu R
osemain and Bertrand Meyer; editing by Makini Brice and Tomasz Janowski)