ECONOMY: BARNIER (EU), "RULES FOR BIG BANKS TO DEFEND THE MARKET" (2)

The proposal about structural reform of EU banks "will apply just to the biggest and more complex banks of member countries carrying out meaningful negotiation activities", made known the Executive. Among other things: no negotiation of financial instruments or goods on one’s own, when "negotiations on one’s own are meant just to obtain profit for the bank, activities implying lots of risks but no real benefits for the customers of the bank or economy in general; the power of the regulatory authority "and in some circumstances, even the obligation to impose transfer of other highly risky negotiations (exchange support activities, complex derivative transactions and securitisations…) to single negotiation juridical entities within the group"; rules "for economical, juridical, operative and governance relations between the single negotiation entity and the rest of the bank group". 

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