2014-02-19latimes.com

"We will carefully examine the new rule with the aim of assessing its potential impact on the 'global level playing field' in the area of banking markets, which is relevant for all financial actors, including EU banks, in order to compete on an equal footing on global markets," said Chantal Hughes, a spokeswoman for Michel Barnier, the European commissioner for internal market and services.

The Fed's Board of Governors voted unanimously Tuesday to require Barclays, Deutsche Bank and other large foreign banks doing business in the U.S. to hold more capital in reserve to guard against losses and undergo stress tests to determine their financial health.


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