Bafin President Hufeld Says Basel Compromise Is Key

The transcript discusses the urgency of establishing a new global banking standard, addressing concerns from German banks about global competition, and the debate over the output floor in regulations. It also covers the impact of Brexit on banking, particularly the loss of passporting privileges for banks using London as a hub. Additionally, it touches on potential changes in US banking regulations under the Trump administration and their global implications.

What is the main concern of German bank CEOs regarding global banking regulations?

• The need for more technical questions

• The lack of a new global standard

• An uneven playing field globally

• The urgency of negotiations

What is the key issue that needs to be sorted out according to the speaker?

• The output floor

• The technical questions

• The balance sheets of banks

• The risk weighted assets

What is the stance of European countries on the output floor?

• They are against any form of compromise

• They are willing to compromise if risk sensitivity is maintained

• They want to eliminate the output floor entirely

• They support the output floor without conditions

How might Brexit affect banks using London as their main hub?

• They will have to relocate immediately

• They will gain new privileges

• They will lose the passporting privilege

• They will face fewer regulations

What is the speaker's concern regarding the Trump administration's approach to regulations?

• That regulations will become too strict

• That Dodd Frank will be expanded

• That regulations might be rolled back too far

• That there will be no changes at all