ECB’s Cœuré wants structural co-ordination

benoit-coeure

Benoît Cœuré, a member of the European Central Bank's (ECB) executive board, pressed for greater global co-ordination over the implementation of banking separation rules based on the Volcker, Vickers and Liikanen proposals in a speech today (November 28).

Speaking at a pan-Asian regulatory summit, Cœuré said each proposal primarily targets internationally active banks. As such, he said, it is crucial to ensure a level playing field and to prevent banks with significant cross-border activities

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