The High Level Expert Group on Reforming the Structure of the EU Banking Sector, established by Internal Market Commissioner Barnier under the chairmanship of Erkki Liikanen, the Governor of the Bank of Finland, published its final report and recommendations today: see here (pdf). The Committee recommends the formal separation of banks' riskier activities (including proprietary trading) from depositing taking, through the creation of separate legal entities within banking groups. Recommendations regarding bank governance and risk management are also made. A video recording of the press conference at which the report was launched is available here.
Tuesday, 2 October 2012
Europe: reforming the structure of the EU banking sector
The High Level Expert Group on Reforming the Structure of the EU Banking Sector, established by Internal Market Commissioner Barnier under the chairmanship of Erkki Liikanen, the Governor of the Bank of Finland, published its final report and recommendations today: see here (pdf). The Committee recommends the formal separation of banks' riskier activities (including proprietary trading) from depositing taking, through the creation of separate legal entities within banking groups. Recommendations regarding bank governance and risk management are also made. A video recording of the press conference at which the report was launched is available here.
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