European banks led by BNP Paribas SA stand to benefit after global regulators agreed to start treating the euro area as one market in determining capital requirements for its top lenders. Banks headquartered in Europe’s banking union, which encompasses mainly the countries that share the euro, would see cross-border exposures within the bloc treated as domestic ones, which are considered less risky, according to documents from the Basel Committee on Banking Supervision seen by Bloomberg. BNP Paribas stands to benefit the most because it has the highest surcharge of all systemically important lenders in the bloc and would likely see a reduction in capital requirements. The planned changes,
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