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U.S., EU Commit To Basel
U.S. Department of Treasury Secretary Timothy Geithner and Michel Barnier, the European Union’s commissioner for internal markets and services, jointly announced their commitment to stricter capital requirements adopted by the Basel Committee on Banking Supervision, reports Reuters.
U.S.Department of TreasurySecretaryTimothy GeithnerandMichel Barnier,European Union’s commissioner for internal markets and services, jointly announced their commitment to stricter capital requirements adopted by theBasel Committee on Banking Supervision. During their meeting in Washington, they also agreed for the need to coordinate derivatives regulation.