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They are now working to weaken new international banking rules.
Some countries have eased banking rules that regulate the transfer of currency, making transactions simpler.
That is above the 7 percent agreed to under new global banking rules.
But France and Germany remained divided over the new banking rules on Tuesday.
It fears being defeated in disputes about the cross-border application of banking rules.
In an e-mail, the regulator said new banking rules required more transparency.
The representatives also said they doubted Wal-Mart would abide by federal banking rules.
Goldring said: "The banking rules are illogical, cold hearted and counter-productive.
Imagine them easing the counterproductive budget and banking rules that have suffocated southern Europe.
Although the Basel Committee drafts global banking rules, it is up to individual countries to write them into law.
Andrew is up with a question about the Dodd-Frank banking rules that may impinge on bank profitability.
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