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France's Macron says 'synchronisation' of European financial rules with US, UK is a priority
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France's Macron says 'synchronisation' of European financial rules with US, UK is a priority
May 26, 2025 8:23 AM

PARIS, May 15 (Reuters) - French President Emmanuel

Macron said on Thursday that getting European regulation 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 ( JPM ) markets conference in Paris, Macron

said: "If there is no synchronisation, 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 to ease capital requirements

while the EU, for now, plans to implement key parts of the Basel

III package - including stricter market risk rules - in January

2026.

The divergence is fuelling concern among European banks,

which warn it could distort competition and encourage regulatory

arbitrage in the global financial system.

The Financial Times reported on Tuesday that Brussels is

making a renewed push to deepen and better integrate capital

markets across the EU, with European Commission President Ursula

von der Leyen making the project one of her second term

priorities.

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