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Barclay's Ricci: We Need Unified Regulation Around the World

Monday, 14 May 2012 | 5:30 AM ET

Rich Ricci, Co-CEO of Corporate and Investment banking at Barclays, told CNBC, "That type of trade (JPM) couldn't exist in a UK bank under the Basel III rules, what we have here is different regulatory regimes being implemented at different speeds. We have got to have unified regulation around the world to make it a level playing field."