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EC says Obama prop trading plans would be 'difficult' to implement

Author: Joel Clark

Source: Risk magazine | 01 Feb 2010

Categories: Banking

Topics: Charlie McCreevy, Barack Obama, Markets in Financial Instruments Directive (MiFID), Committee of European Securities Regulators (CESR), European Commission (EC), London Stock Exchange (LSE)

The European Commission (EC) was blindsided by plans that would force banks to abandon proprietary trading – announced by US President Barack Obama on...

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EC says Obama prop trading plans would be 'difficult' to implement

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