U.S. banks led by Goldman Sachs are seen to be the biggest winners in any overhaul of global banking norms, expected to be announced at the year-end or in early 2017. In contrast, European banks could face a 20% downside if the so-called Basel IV regulations require banks to maintain higher capital, Morgan Stanley, which evaluated the potential impact of new rules on 75 global banks, said in a research note Nov. 21.
The report titled, "Insight: 'Basel IV' – Exploring the Next Wave of Bank Regulation,” expressed caution on banks in Australia, where local regulators back stiffer standards.
Basel IV Would Be A Relief For U.S. Banks
“U.S. banks...
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