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Banking structural reform (follow-up to the Liikanen report)

In February 2012, the Commission established a High-level Expert Group to examine possible reforms to the structure of the EU's banking sector. In agreement with President Barroso, Commissioner Barnier appointed Erkki Liikanen - Governor of the Bank of Finland and a former member of the European Commission – as the chairman.

The Group’s mandate was to determine whether, in addition to ongoing regulatory reforms, structural reforms of EU banks would strengthen financial stability and improve efficiency and consumer protection, and, if so, to make proposals as appropriate.

The Group started its work in February 2012 and presented its final report to the Commission on 2 October 2012.

The Commission examined the possible reform options and their implications and, on January 2014, it adopted a proposal for a regulation.

Proposal on banking structural reform – 29.01.2014

On 29 January 2014, the European Commission adopted a proposal for a regulation to stop the biggest 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 also adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector.

Follow-up to the Liikanen report – 16-17.05.2013

17.05.2013 – Stakeholders meeting on Bank Structural Reform

On 17 May 2013, the European Commission organized a meeting on Bank Structural Reform in Brussels. This meeting provided a unique opportunity to hear the views of a range of stakeholders on the key issues relating to this subject.

16.05.2013 – Consultation: reforming the structure of the EU banking sector (closed)