Deutsche Bank Attacks Basel Plan’s Threat to Repo Market

Global banks from Deutsche Bank AG to Credit Suisse Group AG are urging international regulators to rethink a liquidity rule they say risks harming the market for repurchase agreements and pushing up governments’ borrowing costs.

Draft plans from the Basel Committee on Banking Supervision, aimed at ensuring banks obtain more of their funding from stable sources, also risk penalizing lenders that invest in securitized debt, according to consultation responses submitted by the industry.