Canada OFSI questions Europe plans as markets fret

photoOTTAWA (Reuters) – Markets are asking if Europe’s plan for a 106 billion euro (68 billion pounds) recapitalization of its banks will suffice, Canada’s banking regulator, Julie Dickson, said on Wednesday. Dickson, Canada’s superintendent of financial institutions, also chairs a supervisory committee on the G20’s Financial Stability Board. Asked for her views on European bank solvency, she told reporters: “The market is speaking to some extent, so there are some concerns about the European banking system.” She referred to the European plan for 106 billion euros in recapitalization. …