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Europe Daily Bulletin No. 10701

3 October 2012
ECONOMY - FINANCE - BUSINESS / (ae) banking
Liikanen Group says risky trading must be hived off

Brussels, 02/10/2012 (Agence Europe) - The expert group chaired by Erkki Liikanen that is studying how European banks are organised has suggested legally hiving off the riskiest trading in order to ensure the stability of the financial system and avoid retail banking having to automatically and without any upper limit pay the price for any crisis in order to bail out dodgy investment. The submission on Tuesday 2 October of the Liikanen Group's report to the European Commission opens a public...

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