Swinburne wary of regulatory crossover
Wednesday 2 March 2011 - by Andrew Hickley
A leading MEP has called on the European Parliament to guard against unintended consequences and regulatory crossover, as proposals continue to pour out of Brussels.
Swinburne, a member of the parliament's Committee on Economic and Monetary Affairs, added that ensuring a level playing field should be "first and foremost in our minds" when considering new proposals.
She also called for greater supervision from authorities worldwide to ensure that all banks adhere to higher capital and liquidity requirements under Basel III.
"It is not just all jurisdictions, it is all banks within all jurisdictions that should actually be treated equally in terms of capital,"she said.
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