Trichet follows Obama's bank plan

By IBTimes Staff Reporter | January 27 2010 2:18 PM

The European Central Bank President Jean-Claude Trichet, is arriving in Davos, Switzerland today to attend the world Economic Forum. Trichet supports President Obama's plan of limiting risky-asset transactions that occur while also Bank of England Governor Mervyn King believes there should be tighter regulations on banks.

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France and Germany are obligating financial institutions to save more money aside in order to avoid another credit crisis.

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