| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/85 (29.01.14) |
| Publication Date | 29/01/2014 |
| Content Type | News |
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On 29 January 2014, the European Commission proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading. The new rules would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business if the pursuit of such activities compromises financial stability. Alongside this proposal, the Commission adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. These measures complement the overarching reforms already undertaken to strengthen the EU financial sector. This legislation deals with the small number of very large banks which otherwise might still be too-big-to-fail, too-costly-to save, too-complex-to-resolve. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-85_en.htm |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
