French banks say capital plans ‘unfair’

Report of comments by Baudouin Prot, the French Banking Federation’s chairman and chief executive of BNP Paribas, the country’s biggest bank to a French Senate Finance Committee, September 2009.

He said that European financial institutions would be unfairly penalised compared with their US competitors by new capital requirement rules on the agenda at the G20 summit of leading industrial nations in Pittsburgh, September 2009.

ESO: Background information: Bankers say Sarkozy is seeking scapegoats http://www.europeansources.info/record/bankers-say-sarkozy-is-seeking-scapegoats/

University of Toronto: G20 Information Centre http://www.g8.utoronto.ca/g20/

Website: French Banking Federation / La Fédération Bancaire Française http://www.fbf.fr/

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