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.