EU financial services chief warns U.S. against unpicking bank rules

Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday.

Valdis Dombrovskis, vice president of the European Commission and the EU’s financial services chief, said international rules agreed during the 2007-09 crisis must be upheld to avoid undermining financial stability. Read more

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