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EU's Top Banker Warns of Rule Fixation - Going Beyond Reason'

2014-10-23 14:43:20| Appliances - Topix.net

Christian Clausen , president of the European Banking Federation, said regulators need to rethink an approach he warned will bury the industry under a mountain of rules with little coherence. Clausen, who is also the chief executive officer of Nordea Bank AB , said his group plans to take up the issue with the new European Commission and parliament in an effort to prevent regulators adding more rules to the existing framework.

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