British Finance Minister Alistair Darling said he opposed a plan by Obama to revise the regulation of the banking sector.
Darling has warned the U.S. of self-movement towards Obama"s proposed changes, which involve reducing the size of banking institutions, as well as restriction of their trade in securities for its own account, reports Reuters.
As Darling said the measures proposed by the head of the American White House, will not be effective until they obtain the support of leading banks of other countries.
"If everyone would do what he wants, it will not bring any result. The system of tanks is not confined within any single country, it operates around the world. Banks are able to organize themselves in such a way as to" spill "in another country if in their own regime has become tougher and that no one will be no good, "- said the head of the British Ministry of Finance.
Several days ago, Obama announced new restrictions on the business of large commercial banks. Thus, the President proposed legislation to impose limits on the liabilities of banks and banking practices to restrict trade in securities for its own account (proprietary trading), including the expense of citizens" deposits insured by the state.
Among the new measures of financial regulation, U.S. President also called the limiting size of financial corporations and the restriction of dealing with banks "shadow" investment institutions like hedge funds and funds of private equity.
Closed on Friday short positions today can be reopened in the calculation for the continuation of the negd06ative dynamic
Accumulated oversold can lead to rebound up during today"s trading
Drawdown at the opening of trading the MICEX index may return to the Friday lows in the District 1396 points
Today in technical rebound bulls may return to the market
Last Friday, the euro /dollar has risen dramaticalld3fy in the U.S. session, more than 100 points and reached a mark 1.4178
GM close to agreement on the sale of the Dutch Spyker Saab
Exchange rate of dollars saved without changes - a review of cash markets
The Kremlin made a turn after
Government does not give someone else