Trichet urges markets to drop focus on capital

Jean-Claude Trichet, the president of the European Central Bank, has urged markets to abandon their fixation with banks' capital ratios, saying that officials were against raising requirements.

Speaking at the World Economic Forum in Davos, Switzerland, Trichet was quoted by Reuters, a news agency, as saying: "It is not our position [to raise capital requirements for the banks] and we will do all that we can to pass the message that we are not in agreement with that. That would augment the pr

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