European Commissioner for the Internal Market Michel Barnier gestures while speaking during a media conference at EU headquarters in Brussels on Wednesday, July 20, 2011. The European Union is ... more 
European Commissioner for the Internal Market Michel Barnier gestures while speaking during a media conference at EU headquarters in Brussels on Wednesday, July 20, 2011. The European Union is proposing new rules on how much capital banks have to hold to protect themselves against losses, in the hope of preventing another financial crisis. With Wednesday's proposal, the 27-country bloc becomes the first jurisdiction to implement the so-called Basel III rules on bank capital, agreed by the world's biggest economies after the collapse of Lehman Brothers rattled global finances. (AP Photo/Virginia Mayo) less 
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Associated Press | Photo By Virginia Mayo
Wed, Jul 20, 2011 7:42 AM EDT