Opposition to tightened regulation builds among Europe's banks

11/21/2010 | Reuters

European bankers are increasingly criticising financial regulators, warning that their efforts at tightening supervision go much too far and threaten to undercut the world's economic recovery. "We can cope with Basel III, but we don't need the gold-plated rules that come on top right now," said Klaus-Peter Mueller, supervisory board chairman of Commerzbank, Germany's second-largest bank.

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