EU banks may be surging on reports of a Franco-German push to weaken bank capital rules, but EU...

|By:, SA News Editor

EU banks may be surging on reports of a Franco-German push to weaken bank capital rules, but EU financial Commissioner Michel Barnier says he will keep to the timetable already agreed for implementing stricter Basel III requirements. And in music to U.K. ears, Barnier added that no country will be forced to accept a financial transaction tax.