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EU Report: Deposits Should Be Separated from Risky Banking
Wednesday, October 3, 2012 4:30
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Again, it is being recommended that high-risk investments and trading be separated from retail banking.
This time, the proposal comes from a new EU report looking at financial reforms and regulation.
An advisory group led by Bank of Finland Governor Erkki Liikanen presented its findings to the EU Commission Brussels on Tuesday.
“Deposits and the explicit and implicit guarantee they carry would no longer directly support risky trading activities,” Liikanen said.
He added: “The longstanding universal banking model in Europe would and could, however, remain untouched since the separated activities can be carried out in the same banking group.”
2012-10-03 04:21:28
Source: http://roomanicast.blogspot.com/2012/10/eu-report-deposits-should-be-separated.html
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