German watchdogs warn U.S. on go-it-alone bank rules

Germany’s financial watchdogs warned on Tuesday that plans by the United States to introduce its own rules relating to foreign banks could undermine a global consensus to improve security in the wake of the financial crisis. Market regulator Bafin said it was in talks with U.S. regulators about t…

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German watchdogs warn U.S. on go-it-alone bank rules