Euro-area deserves bigger regulatory role: Merkel

The eurozone's economic importance warrants the region more influence over financial markets regulation, said Angela Merkel, the chancellor of Germany.

Merkel told the Financial Times that what she termed as the "Anglo-Saxon" model of financial markets undermined the euro area's influence.

She said a pan-European ratings agency was particularly vital in order to counter Moody's and Standard & Poor's dominance. The idea of capital adequacy ratios for banks, linking the ratio of capital required

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