De Larosière slams US protectionism and EU Solvency II rules

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The adoption of new financial services regulation in Europe threatens to place a significant drag on economic growth, despite the continent's high pool of savings, according Jacques de Larosière, a former managing director of the International Monetary Fund (IMF) and former governor of the Banque de France.

De Larosière, who is president of European think-tank Eurofi, said unless regulators curb the most onerous aspects of new rules and policy-makers create better conditions for growth, real

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