Finland's Liikanen grilled by UK law-makers on banking separation

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Erkki Liikanen, the governor of the Bank of Finland, whose report into the future of European banking regulation released on October 2 recommended the ring-fencing of investment banking activities, was subjected to a grilling by the UK's Parliamentary Commission on Banking Standards today (October 22).

Paul Volcker, a former chairman of the Federal Reserve, gave evidence to the commission last week, suggesting a ring-fence around proprietary trading by banks – as proposed by both the Vickers and

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