Tighter bank rules cost German lenders 9 billion euros a year: KPMG

Stricter international banking rules are costing German lenders around 9 billion euros ($12 billion) annually, a study of the sector by auditing firm KPMG estimated. Following the financial crisis, regulators have forced banks to boost their capital and liquidity buffers better to withstand future market shocks. KPMG’s study, which seeks to tally banks’ costs in complying with the new rules over 2010-2015, comes amid sparring between German Finance Minister Wolfgang Schaeuble and Deutsche Bank (DBK.DE) Co-Chief Executive Juergen Fitschen over whether regulation of the sector has gone far enough. It was based on data from 20 German banks, from large lenders to regional and private banks, representing about 60 percent of the total assets of the German banking sector.


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