DAVOS, Switzerland (AP) — British Conservative leader David Cameron is endorsing new U.S. proposals for banking regulation and tells The Associated Press that if he becomes prime minister he’ll go toe-to-toe with British bankers to get them to agree.
Cameron, expected by many to be Britain’s next prime minister, told the AP that two of President Barack Obama’s new proposals to limit risky behavior by banks and to collect money from the banking industry to repay some taxpayer sacrifice would have his backing.
His endorsement is in contrast to many of the bankers and financial managers attending the annual World Economic Forum who have raised concern about a new populist mood to regulate banks.
Cameron said Thursday that he sees the proposed steps as part of a “moral problem.”
