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Midweek Roundup: France Lobbies for Softer BNP Penalty, Moneyval Warns on Bosnia-Herzegovina, and More
printFrench officials have contacted the White House and the U.S. Treasury Department with concerns about the fallout from a BNP Paribas plea that would settle allegations it dealt with Sudan and other sanctioned nations, The New York Times reported Monday. The officials are worried that a criminal guilty plea from BNP will result in the suspension of the bank's dollar clearing process – a move that New York State's top financial regulator, Benjamin M. Lawsky, is currently considering. More The suspension might severely disrupt BNP's operations, French officials fear. More Lawsky is also calling for the firing of a dozen...
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