WASHINGTON — The Trump administration's push to deregulate the banking industry is having a ripple effect internationally as foreign banks are pressing their home jurisdictions to stall implementation of cross-border standards.

An Aug. 30 letter obtained by American Banker from a group of 15 large banks based in the European Union — including Barclays, the Royal Bank of Scotland, Societe Generale, Santander, Deutsche Bank and HSBC — urges European Commission Vice President Vladis Dombrovskis to broadly reconsider the applicability of certain capital and liquidity rules to EU-based banks.

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