Europe: structural reform of the EU banking sector - High Level Group membership announced

The membership of the High Level Expert Group which will consider the need for structural reforms of the EU banking sector has been announced by Internal Market Commissioner Barnier: see here (pdf). The Group's mandate is available here (pdf) and this explains that the Group will not be concerned with regulation and supervision but with the structure of individual banks and the market as whole including, for example, whether banks should be prohibited from undertaking certain activities or whether ring-fencing of particular activities should be required.

The Group is expected to present its final report to the European Commission by the end of the summer following hearings and consultations.