Tuesday, 29 January 2013

Europe: Eurosystem responds to banking structure proposals

A response from the Eurosystem (the European Central Bank and the national central banks of the Member States whose currency is the euro) regarding the recommendations of the High-level Expert Group on reforming the structure of the EU banking sector has been published: see here (pdf). Amongst other things, the Eurosystem supports the separation of banks' deposit-taking activities from other higher risk activities.

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