The Globe and Mail reports in its Tuesday edition that U.S. president-elect Donald Trump could ease the regulatory burden for the banking sector's largest lenders. The Globe's Stefanie Marotta writes that Mr. Trump is expected to lower requirements on capital levels and takeover scrutiny on banking deals that were implemented under President Joe Biden. However, rising protectionism and a weaker Canadian economy could inhibit a potential turnaround for the banking sector, which has faced climbing provisions for sour loans and tepid loan demand. Under Mr. Biden, banking regulators proposed hiking capital levels that would require lenders to build piles of excess cash as a cushion against souring loans. U.S. banks launched an opposition campaign, saying the change would harm the economy and make the country's banks less competitive compared with global peers. The proposal stems from the mandates of Basel III, an international accord struck after the 2008 financial crisis to help prevent bank failures. CIBC's chief executive officer Victor Dodig said during a conference call earlier this month that banking regulation in the U.S. will likely loosen, and that Canadian regulators need to create a "level playing field."