Financial legislation could hurt U.S.-EU trade deal, CEOs say

06/3/2013 | Bloomberg

A group of CEOs sent a letter to U.S. lawmakers stressing that possible legislation to limit the size of the biggest banks could hurt the prospects of a U.S.-EU trade agreement. "At the very moment of opportunity to increase transatlantic regulatory coherence and U.S. competitiveness, legislation is pending in Congress that, if enacted, would take the United States in the opposite direction," Caterpillar CEO Douglas Oberhelman wrote, referring to a bill proposed by Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., that would impose a 15% capital requirement on the largest banks. Learn more at SIFMA’s Transatlantic Trade and Investment Partnership Resource Center.

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