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Leading MEP resists calls to delay capital boost for banks' trading book

By John Rega ( March 18, 2010, 13:32 GMT | Insight) -- Arlene McCarthy, the European Parliament draftswoman on capital rules for banks' trading arms, has resisted calls to delay the effective date of the boosted requirements from 31 December, unless she sees evidence of economic harm. Economic committee chair Sharon Bowles raised the prospect of putting off the panel's 3 May vote to await an impact study.The European Parliament draftswoman on capital rules for banks' trading arms has resisted calls to delay the effective date of the boosted requirements from 31 December, unless she sees evidence of economic harm....

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