Michel Barnier

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  EU Plans to Shake Up Ratings Agencies

  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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  EU Considers Censoring Credit Ratings

  By Marlene Y. Satter, AdvisorOne  |  October 21, 2011

  In a quest to prevent further deterioration in the European credit crisis, the European Commission may ask for the authority to censor or ban credit ratings on troubled countries.

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  JPMorgan’s Dimon Blasts Banking Rules, Krugman Blasts Dimon

  By Gil Weinreich, AdvisorOne  |  September 12, 2011

  JPMorgan Chase CEO Jamie Dimon called Basel III capital rules “blatantly anti-American” and suggested the U.S. should consider withdrawing from the group. Times Columnist Paul Krugman then took a shot at Dimon.

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  S&P Sees Deeper Europe Bank Crisis on Fears of Sovereign Default

  By Gil Weinreich, AdvisorOne  |  July 20, 2011

  Ahead of summit meeting, credit agency S&P raps stress tests; European Commissioner raps credit agencies.

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  EU Says Banks Must Boost Capital or Be Fined

  By Marlene Y. Satter, AdvisorOne  |  July 20, 2011

  The head of financial services for the European Union said Wednesday that banks failing to abide by new and stronger rules regarding liquidity and capital will be subject to fines of as much as 10% of turnover.

• EU Sets Rules on Derivatives, Shorts, CDS

  By Marlene Y. Satter, AdvisorOne  |  September 15, 2010

  In a bid to control the sort of trading that destabilized markets and put the euro in danger, the European Union proposed a series of rules governing such trades.

• EU Sets Rules on Derivatives, Shorts, CDS

  By Marlene Y. Satter, AdvisorOne  |  September 15, 2010

  In a bid to control the sort of trading that destabilized markets and put the euro in danger, the European Union proposed a series of rules governing such trades.

• EU Sets Rules on Derivatives, Shorts, CDS

  By Marlene Y. Satter, AdvisorOne  |  September 15, 2010

  Commission seeks to stabilize markets.

• Tighter Rules for Foreign Hedge Funds Advance in Europe

  By Staff Writer  |  May 18, 2010

  By James Kanter (C) The New York Times 2010 BRUSSELS -- European Union finance ministers approved a draft law on Tuesday, May 18, that would make it...

• EU Official Blasts Moves by Moody's and Standard & Poor's on Portugal and Greece

  By Staff Writer  |  May 5, 2010

  By James Kanter (C) The New York Times 2010 BRUSSELS -- The European Union's financial services commissioner, Michel Barnier, vented his frustration with U.S.-based credit ratings agencies...