Vickers and European capital rules are compatible, says Barnier

23 Jan 2012

Capital rules proposed by the UK’s Independent Commission on Banking would not conflict with a single rule book for banks in Europe, Michel Barnier, European Commissioner for internal market and services, said on Monday.

In a speech at Guildhall, he emphasised the need for a single set of rules, but said that did not mean “one size fits all”.

“We need to implement basic banking rules for all,” he said. “And I know City institutions support this. But we also need to allow ...

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