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12 may 2014

European work on bank' structure


  • Following the Liikanen report made public in 2012, the Commission's future regulation is expected to be presented in January 2014. However, the reforms carried out in Europe have already considerably reinforced the solidity of the European financial sector, notably through increased capital requirements, but also through the implementation as from 1 January, 2015 of the short-term liquidity ratio. The separation of activities is not an operational solution.

  • Moreover, the adoption of the single supervisory system is a further guarantee for the stability of banks in Europe. The resolution authorities will have control over any separation of banking activities under the directive on the resolution of banking crises adopted in December 2013. National legislations have already put in place the necessary measures, as is the case with the French banking law of 26 July, 2013. This is why a European legislative proposal is not necessary: it could on the other hand be detrimental to the financing of the European economy, especially if it imposed the spinning off into a subsidiary of market making activities, which are essential for companies and governments.

  • French banks request at the very least that any new European regulation is inspired by national solutions that have been adopted recently and duly calibrated.

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