US and European banking chiefs will converge on Basel on Saturday for a behind-the-scenes meeting with central bankers and regulators to discuss the post-crisis regulatory framework.

The gathering, hosted by the Bank for International Settlements, is expected to see the attendance of such as Morgan Stanley’s chief executive John Mack, Citigroup’s chairman Sir Win Bischoff and Crédit Suisse’s chief Brady Dougan. Other leading European institutions, including UBS and Deutsche Bank, are expected to be represented.