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Stuck in the middle are management teams at the world's biggest banks, struggling to assure taxpayers, shareholders and traders that their pleas are being heard. In response to regulators, banks have reduced their dependence on borrowed money. To
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The new, less liquid assets can only be included at a hefty discount to their value, but the changes are a significant move from the draft version of the rule unveiled two years ago. The Basel Committee, drawn from nearly 30 countries representing
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Eurogroup head Jean-Claude Juncker announced late Monday that he is stepping down as eurozone finance ministerial chairman as of the end of the month. The Luxembourg prime minister -- Europe's longest-serving national leader -- said he informed
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He warned that greater powers for the European Central Bank should be allowed to damage relations with non-euro member states. In a rare criticism by a senior central bank figure Mr Elderfield said that did happen earlier this year. "The ECB's stance
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Jacques Delors (2nd left) with world leaders in 1991, two years after his report laid the euro blueprint. Photograph: Diana Walker/Time & Life Pictures/Getty Image Europe's politicians nowadays are desperately looking for someone to blame for the
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The German government isn't only insisting on a strict separation of bank supervision and monetary policy in Europe, but also favors a separate body in which large states would have more votes in the final decision-making authority on supervisory
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The head of eurozone finance ministers, Jean-Claude Juncker, said Tuesday that the European Union must not rush into setting up Europe-wide banking supervision. "It is true that we are determined to put in place a banking union, a banking supervision
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German reticence over how fast to centralize banking supervision in Europe stoked tensions with France on Saturday, which urged prompt implementation of a plan designed to tackle the financial crisis and help underpin the single currency. The reform,
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A European Commission proposal for euro zone wide banking supervision can and should be introduced by a January 2013 target date despite opposition expressed by Germany, the European commissioner in charge of regulation said on Saturday. Michel
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THE European Commission says Europe must speed up negotiations over eurozone banking supervision at the heart of political leaders' latest bid to resolve the debt crisis. There is a pressing need to "accelerate negotiations," spokeswoman Pia
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