News In Brief

Ticker

EU to go easy on splitting bank activities

06.01.14 @ 09:12

  1. By EUOBSERVER

Banks should not be automatically required to split risky investment activities from conventional banking, according to a draft European Commission paper, the Financial Times reports. The proposal, which follows the Likanen banking report in 2012, would leave national supervisors to decide whether a bank's activities posed a "systemic risk."