Valdis Dombrovskis, European Commissioner for financial services, on Sept. 29 cautioned that changes to the Basel capital requirements now under consideration should not have a significant and disproportionate impact on European banks.
He said that markets in Europe "face different challenges than elsewhere" and that therefore “equalizing average risk weights across the world cannot be the answer.” He added that the Commission wants “to avoid changes which would lead to a significant increase in the overall capital requirements shouldered by Europe’s banking sector.”
At another conference in September, Dombrovskis and other senior staff from the Commission expressed concern that the leverage ratio risks undermining access to clearing and the viability of post-default porting.
