Liikanen says 'Barnier rule' will allow for international regulatory convergence

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Erkki Liikanen, the governor of the Bank of Finland and chair of the High-level Expert Group on reforming the structure of the European Union (EU) banking sector, today commented on the proposals released yesterday by the European Commission and described by commissioner Michel Barnier as the "final cogs in the wheel to complete the regulatory overhaul of the European banking system".

The proposal, Liikanen said, "has the same objectives as the recommendations" in the report he authored, but he

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