LONDON, Dec 3 (Reuters) - Globalisation is being reset

by U.S. President-elect Donald Trump's trade tariff threats and

worries about regulatory arbitrage between Wall Street banks and

their international rivals, senior bankers said on Tuesday.

Trump said last month he would impose a 25% tariff on all

products from Mexico and Canada, and an additional 10% tariff on

goods from China, on the first day of his second term, raising

concerns about global trading relationships.

Such tariffs could disrupt supply chains but also open up

opportunities for banks across Asia and the Middle East, Tanuj

Kapilashrami, Chief Strategy and Talent Officer at Standard

Chartered ( SCBFF ), said in response to a question at the FT

Global Banking Summit in London.

Separately, European Central Bank board member Piero

Cipollone said U.S. import duties could lower economic growth

and inflation in the 20 countries sharing the euro.

Some commentators have predicted a wave of financial

deregulation on Wall Street during Trump's second spell as

president, adding to speculation that 'Basel Endgame' rules

designed to shock-proof the global banking system will not be

rolled out in the United States at the same pace as in Europe.

C.S. Venkatakrishnan, CEO of Britain's Barclays ( JJCTF )

said he was still hopeful the rules would be adopted at roughly

the same time, which would support the efforts of European

lenders to remain competitive with their U.S. rivals.

"It's realistic ... the world has invested a lot in this,"

he said, adding: "We get carried away and look at personalities,

but the U.S. is a country of great and strong institutions, and

it knows it has a very important role to play in the

international world."

European bank executives are concerned that the superior

returns enjoyed by U.S. banks in recent years could grow yet

further if Trump's measures favour his home market.

North American banks are outpacing their European peers in

revenue generation, with net interest margins of 1.8% compared

to just 1.2%, research from professional services firm Alvarez &

Marshal showed on Tuesday.