ECON Committee falls short on bank rules change

The European Parliament's economic and monetary affairs committee failed to approve legislation to reform the banking sector in the European Union.

This failure prompted legislators to rethink the approach to banking regulation and the potential threat posed by mega-banks combining retail and investment activity.

ESO: Background information: Structural reform of the EU banking sector http://www.europeansources.info/record/press-release-structural-reform-of-the-eu-banking-sector/

ESO: Background information: Reforming the structure of the EU banking sector http://www.europeansources.info/record/reforming-the-structure-of-the-eu-banking-sector/

---