Deutsche CEO Says Europe Must Fight U.S. Mortgage Capital Rules
- Housing markets differ as ‘Germans pay their debt,’ Cryan says
- Comments reiterate German criticism of proposed Basel measures
John Cryan
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Deutsche Bank AG chief John Cryan urged regulators in Europe to reject the same kind of heavy-handed rules for banks’ mortgage holdings that have been adopted by their American counterparts.
Home loans vary by country and differences in borrowers’ repayment behavior justify a more nuanced approach, rather than imposing the same sets of capital charges on all banks’ mortgages, Cryan said Tuesday at an investor conference in New York. “By and large, Germans pay their debts” and are nowhere near as risky as American lenders and home-buyers have been in the past, he said.