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Chris Brummer

Entries by Chris Brummer

Bank Leverage Now in EU's Hands

(0) Comments | Posted July 18, 2013 | 12:52 PM

The ball is in the EU's court to show just how much international financial coordination will be a race to the top, or to the bottom. Over the last two weeks, US regulators have approved "Basel III" banking regulations that will require banks to increase the amount and quality of...

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Want to Save Dodd-Frank? Consider TTIP

(4) Comments | Posted July 1, 2013 | 10:51 AM

Perhaps the last thing Democrats want to do, after all the hard work of getting Dodd-Frank through Congress, is to consider including financial services in upcoming trade talks with Europe. For some members of Congress, the mere thought of discussing anything that could be construed as financial regulation in the...

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London Is Better Off Reformed (LIBOR)

(5) Comments | Posted July 27, 2012 | 12:53 PM

Poor London. They may have the Olympics, but the recent LIBOR scandal appears to be strike three in a ballgame full of regulatory gaffes that have left the city's reputation for governance tarnished in the eyes of the world's financial elite.

Strike one, the story goes, was AIG. In...

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Who Wins if Greece Exits?

(8) Comments | Posted June 15, 2012 | 11:25 AM

If you've been brave enough to peruse any newspaper over the last month, you've seen headlines stressing the likely enormous consequences if voters in the country give the euro an effective vote of no confidence. In the short run, capital would be yanked from Greece, contagion would cause already historically...

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Why Europe's "Technocrati" Can't Do it All

(3) Comments | Posted June 6, 2012 | 4:43 PM

As the European crisis deepens, you don't see many people demanding more democracy from EU institutions. To the contrary, the seemingly endless stream of elections, referendums and treaty ratifications seems like it exacerbates the crisis more than it solves anything. So not surprisingly, there is growing sentiment that the continent's...

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