Germany And France May Push Weaker Bank Rules To Aid Financial World–FT
German and French financial officials believe that new bank regulations which would force many financial firms to raise money are too strict in the current troubled economic climate The FT reports that A joint paper by Wolfgang Schäuble, German finance…
German and French financial officials believe that new bank regulations which would force many financial firms to raise money are too strict in the current troubled economic climate
The FT reports that
A joint paper by Wolfgang Schäuble, German finance minister, and his French counterpart, François Baroin, will on Monday call for important elements of the Basel III rules to be watered down to mitigate any “negative effect” on growth.
UK officials have taken quite the opposite position and want to push to rebuild balance sheets as soon as possible.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
