EU's Barnier scrutinizes Volcker rule

02/23/2012 | MarketWatch · Bloomberg

Michel Barnier, the EU's internal-market commissioner, told participants at a U.S. Chamber of Commerce event of his concern that the Volcker rule will hinder countries' ability to sell bonds. "It would not be acceptable that U.S. rules have such a wide effect on other nations and foreign capital markets without any international coordination," Barnier said. "I do question the approach in terms of application of the [Volcker] rule chosen by the U.S. Congress and U.S. financial regulations."

View Full Article in:

MarketWatch · Bloomberg

Published in Brief: