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Europe Daily Bulletin No. 10561

25 February 2012
ECONOMY - FINANCE - BUSINESS / (ae) finance
Volcker rule - Barnier concerned about impact on EU banks

Brussels, 24/02/2012 (Agence Europe) -Commissioner for the Internal Market Michel Barnier has repeated his concern about the potential impact on European banks of the application of the American Volcker rule. “I do not question the objective (…). But I do question the approach in terms of the application of the rule chosen by the US Congress and US financial regulators. It is not acceptable that US rules have such a wide effect on other nations and foreign capital markets without any...

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