Politicians' role expands in forming global banking rules

05/17/2010 | Bloomberg

Treasury Secretary Timothy Geithner recently met with Michel Barnier, internal-market commissioner for the EU, to discuss global rules proposed by the Basel Committee on Banking Supervision and other regulatory changes for the financial industry. Following their meeting, Geithner and Barnier issued a statement calling for "stronger capital and liquidity requirements" for banks. The meeting is an indication of increasing importance politicians are playing in the establishment of global banking rules.

View Full Article in:


Published in Brief: