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Europe Daily Bulletin No. 9837

11 February 2009
Contents Publication in full By article 15 / 34
GENERAL NEWS / (eu) eu/financial services
McCreevy denounces banks' attempts to water down proposal on capital requirements

Brussels, 10/02/2009 (Agence Europe) - During a speech made to the European and International Affairs Institute on Monday 9 February in Dublin, Charlie McCreevy declared: “Some banking lobbyists have sought to put down amendments in the European Parliament at the behest of their sell-side investment banking members - that would totally neuter the proposal's effectiveness. More irresponsibly still, they have sought to undermine a requirement for adequate due diligence on securitization...

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