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Barnier steps into row between US and BNP Paribas (Photo: European Parliament)

EU commissioner steps into BNP Paribas row with US regulators

France’s top EU official on Thursday (12 June) suggested US regulators scale back a massive fine set to cost French bank BNP Paribas billions for its non-compliance with US sanctions.

Michel Barnier, the EU’s internal market commissioner, told reporters in Washington any fine should be “proportionate, fair and objective”.

“Given the importance of this case and the importance of this bank ... we are closely following the situation and we simply wish that this affair be handled in a...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Barnier steps into row between US and BNP Paribas (Photo: European Parliament)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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