Barnier publishes bank split proposals
The European Commission today proposed a set of structural reforms for the European Union banking sector that, if adopted, would force the region's 30 largest banks to split their riskiest trading practices from their retail banking operations.
The proposals seek to ban the "biggest and most complex banks" in Europe from proprietary trading, an activity that involves trading financial instruments and commodities with the bank's money, rather than that of customers.
National supervisors would
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