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By Marlene Y. Satter, AdvisorOne |
April 13, 2012
The E.U. may be planning to get even tougher on bankers than the Basel Committee on Banking Supervision. A parliamentary draft of a proposed law provides for higher capital reserves and lower bonuses.
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By Marlene Y. Satter, AdvisorOne |
November 16, 2011
A new draft law unveiled Tuesday by the European Union angered ratings agencies Moody's, Standard & Poor's and Fitch, although according to Internal Market Commissioner Michel Barnier it is designed to inject competition into the sector, currently dominated by the 'big three.'
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By Marlene Y. Satter, AdvisorOne |
September 15, 2011
Britain is taking the European Central Bank to court on Thursday at the European Court of Justice in Luxembourg, the first time a government has taken such an action.