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Europe Daily Bulletin No. 10089

3 March 2010
Contents Publication in full By article 18 / 40
GENERAL NEWS / (eu) eu/financial services
Michel Barnier dos not support President Obama's moves to scale down banks

Brussels, 02/03/2010 (Agence Europe) - “We are looking with interest at President Obama's proposals. We share his aim of reducing systemic risk in the financial sector. However, I do not think that a cap on size and scope is the right solution in the European context”, commented EU Internal Market Commissioner Michel Barnier on Monday 1 March 2010 at a dinner in London organised by the British Banking Federation. He said he favoured “a more comprehensive” approach to too-big-to-fail...

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GENERAL NEWS