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Structural reform of the EU banking sector

Facade of a building on which the word “Bank” is written in large letters

The European Commission has 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. The Commission has also adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. “Today’s proposals are the final cogs in the wheel to complete the regulatory overhaul of the European banking system” said Commissioner Barnier. “The proposed measures will further strengthen financial stability and ensure taxpayers don’t end up paying for the mistakes of banks”.

Proposal for a Regulation on structural measures to improve the resilience of EU credit institutions

Proposal for a Regulation on reporting and transparency of securities financing transactions