Barnier panel to study break-up of EU banks

Michel Barnier, the European Commission's Internal Market Commissioner told the European Parliament on the 22 November 2011 that he would set up an 'expert commission' to study the mandatory separation of risky investment banking activities from traditional retail lenders, saying that while he has reservations about such measures there should be 'no taboo on the question... It will have a look on that subject of structure of banks and separation in risk management'.

European Commission: DG Internal Market and Services: Financial Services: Banking http://ec.europa.eu/internal_market/bank/index_en.htm

European Parliament: Press Release, 22.11.11: MEPs debate credit rating agencies and bank recapitalisation with Almunia and Barnier http://www.europarl.europa.eu/en/pressroom/content/20111121IPR31952/html/MEPs-debate-rating-agencies-and-recapitalisation-with-Almunia-and-Barnier

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