Finance leaders of the world’s top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday.

The new U.S. administration has argued that excessive bank regulation is holding back lending and economic growth, raising the prospect that rules could be loosened, putting efforts to finalize a new global banking accord, known as Basel III, at risk.

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