Barnier dismisses idea that U.S. should reject Basel rules

09/13/2011 | Global Financial Strategy

Michel Barnier, internal-market commissioner for the EU, opposed a call from JPMorgan Chase CEO Jamie Dimon that the U.S. not support increased capital requirements as mandated by the Basel III accord. Dimon called the rules "anti-American." Barnier said the requirements will help make the industry more "solid and stable."

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