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G-20 Meeting in Germany Offers Basel Opening

Global bank capital talks have stalled during Trump transition.

By Boris Groendahl, Nicholas Comfort and Alexander Weber, Bloomberg | Updated on March 16, 2017

Germany is ready to compromise to break a deadlock between Europe and the U.S. on an overhaul of global bank capital rules. The question is who’ll be sent from Washington to sit across the negotiating table.

The first chance to gauge the U.S. response to Germany’s renewed push this week for a deal in the Basel Committee on Banking Supervision may come as soon as March 17-18, when finance ministers and central bankers from the Group of 20 nations descend on the spa town of Baden-Baden. A second opportunity will follow quickly at a meeting in Basel itself.

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