Europe Can Unlock €2.8 Trillion in Bank Lending, Lobby Says

Europe could unleash twice the lending power of America’s biggest bank by simplifying its capital rules, according to one of the region’s most powerful finance lobbies.

In a policy paper to be published on Wednesday, the Association for Financial Markets in Europe argues that policymakers should tackle the complexity of the region’s capital framework by dealing with overlapping requirements, rather than pursuing German-led plans to limit the €270 billion ($311 billion) Additional Tier 1 debt market.