The world's big banks are pushing back as the move by global finance officials for more stringent regulation gathers force.
Deutsche Bank AG chief executive officer Josef Ackermann, who leads Germany's biggest lender and chairs the International Institute of Finance, suggested on the weekend that efforts by the Group of 20 nations to require financial institutions to hold more money in reserve risked choking economic growth.
“The capital issue is important, but it's not as important as liquidity and profits,” Mr. Ackerman said. Policy makers should be wary that their efforts “could go too far and jeopardize real growth in the economy,”...
* * *