Sunday

28th Aug 2016

Ticker

EU to go easy on splitting bank activities

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."

News in Brief

  1. Hungary plans to reinforce border fence against migrants
  2. France's highest court suspends burkini ban
  3. Greeks paid €1bn more in taxes in June
  4. Greek minister denounces EU letter on former statistics chief
  5. Turks seeking asylum in Greece may cause diplomatic row
  6. Merkel becomes digital resident of Estonia
  7. Report: VW will compensate US dealers with €1bln
  8. EU mulls making Google pay news media for content

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