All’s fair in love and politics — and international bank capital rules.
US financial watchdogs are making mischief with European standards that give lenders relief by treating the euro zone as a single domestic market. The Americans have a point: The bloc is not a single market for banking, and that’s been a problem when things go wrong.
But they doubtless have an ulterior motive born of the political obstacles to reforming some of their own rules to help big US banks compete harder with their European counterparts.
https://www.bloomberg.com/opinion/articles/2025-10-07/us-banks-are-aiming-for-a-european-weak-spot-paul-j-davies