EU officials oppose Obama’s proposal to limit banks’ size and risk-taking; US Senate Republicans oppose requiring big banks to increase capital and liquidity requirements
Feb 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European Union (EU) finance ministers and officials are reported to be uniting to oppose President Barack Obama’s proposal to limit banks’ size and risk-taking, saying his plan may run counter to EU policy, according to a draft document. Meanwhile in Washington DC, Republicans in the US Senate are opposing proposals that would require big banks to increase capital and liquidity requirements.