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EU Considers Asset Protection Guidelines: Report

Law360 (January 22, 2009, 12:00 AM EST) -- The European Commission is reportedly considering creating guidelines for its member states in order to help them shield their financial industries from troubled assets.

EC competition spokesman Jonathan Todd said Thursday that the commission planned to work with the European central bank to develop guidelines for what kinds of rules European countries should be allowed to pass to protect financial services companies from bad assets, Dow Jones reported.

The announcement came a few days after the U.K. announced such an asset protection plan in order to...
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