Deutsche Bank CEO Urges Regulators to Use Room for More Relief
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Deutsche Bank AG Chief Executive Officer Christian Sewing urged regulators to provide more relief to Europe’s banks to keep loans flowing as the pandemic’s second wave engulfs the region.
While regulators were quick to respond to the crisis at the onset, they have “additional potential” to aid the flow of credit, Sewing said Monday at a conference. He suggested that some of the money banks are required to pay into a fund for winding down failed lenders should be used instead to grant credit, and called for lawmakers to reassess the consequences of a planned update of the Basel capital rules.