UK ‘blocking tough finance rules’
Wednesday, September 23, 2009 : PermalinkBBC News – The UK has “particular difficulties” regulating hedge funds “to put it politely”, Mr Steinbrueck told the weekly German news magazine.
“There clearly is a lobby in London that wants to defend its competitive advantage tooth and claw,” Mr Steinbrueck told Stern magazine. Germany and France have led calls for more restrictions on banks, which have been resisted by the US and UK.
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