Brussels, 11/06/2014 (Agence Europe) - The chair of the ECB's supervisory board, Danièle Nouy, does not think that strict separation of bank activities (retail and investment) will necessarily reduce risks to financial stability.
“This is only my own view, not the ECB's view, which is not fully finalised, but I have mixed feelings about the separation of banks' activities. I see the pros, but I also see the cons. For example, when you separate a bank into two parts you run significant...