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European policy makers are considering a host of proposals to eliminate implicit government guarantees, including a new resolution regime, turning some liabilities into bail-in debt that will automatically take losses, depositor-preference regimes that would subordinate unsecured bondholders, and U.K.-style plans to ring-fence certain activities.
WSJ: Agenda: Basel III��Don't We Have Enough Problems?
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The European Commission's Mr. Barnier also said his group was looking at options for structural changes in the banking sector, including the Volcker rule and the recent Vickers report in the U.K., which recommended ring-fencing, or roping off, bank's domestic retail deposits from the rest of their operations.
WSJ: EU Plans Complaint on 'Volcker Rule'
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Armstrong already has had conversations with U.S. Anti-Doping Agency officials, touching off speculation that the team leader who demanded loyalty from others soon may face some very tough choices himself: whether to cooperate and name those who aided, knew about or helped cover up a sophisticated doping ring that Armstrong ran on his tour-winning U.S. Postal Service squads.
NPR: Lance Armstrong May Not Be Done Confessing
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Looking for further hints about what this three-ring aid circus might entail, I pulled up the Web site on Tuesday of the U.N.
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