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EU Bank Structural Reforms

On Wednesday 29 January 2014, the European Commission published its legislative proposal for a European Regulation on structural measures on improving the resilience of EU credit institutions.

The Proposal is intended to increase the structural soundness of European banking entities in the wake of the 2008 financial crisis, inter alia, by:

  • prohibiting large banks from engaging in proprietary trading, including a limitation on banks’ exposures to certain alternative investment funds for the sole purpose of making profits on their own account.; and
  • enabling national competent authorities to require such banks to separate certain ‘risky’ trading activities from core deposit taking business functions.

The Proposal follows the report submitted in October 2012 by the European Commission High Level Expert Group on reforming the structure of the EU banking sector (chaired by the Governor of the Bank of Finland, Erkki Liikanen), as well as work undertaken by the Financial Stability Board (FSB), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD) and certain other jurisdictions on the issue of bank structure to reduce systemic risks.

The Proposal will now be passed to the European Parliament and Council of the European Union for their consideration.

 

Key legislative documents

EU Proposal on structural measures improving the resilience of EU credit institutions (January 2014)

 


 

Other documents

Commission High Level Group report of October 2012 (October 2013)

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    1. EU Asset Management Regulation
      1. AIFMD
      2. European Capital Markets Regulation
      3. MiFID / MiFIR
      4. UCITS
        1. ETFs and Structured UCITS
      5. Venture Capital
      6. Shareholder Rights Directive
    2. US Hedge Fund Adviser Regulations
      1. Registration and Reporting
      2. Incentive-Based Compensation
      3. JOBS Act
    3. Asia Pacific Asset Management regulation
    4. Other Jurisdictions’ Asset Management Regulation
    5. Regulation of NBFCs / SIFIS
    6. Supervision
      1. UK regulatory reform
      2. European Supervisory Authorities
      3. US Self-Regulatory Organisations
    7. Remuneration
      1. UK
      2. US
      3. CRD IV and CRR
      4. AIFMD
      5. MiFID
    8. Shadow Banking
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    3. High Frequency Trading
      1. ESMA Guidelines
      2. MiFID / MiFIR
      3. MAD / MAR
      4. Flash Crash
      5. IOSCO
      6. Germany
      7. CFTC Automated Trading
    4. Insurance Regulation
      1. Solvency II
    5. Market Abuse
      1. MAD / MAR
      2. Indices as Benchmarks
    6. Position Limits
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      2. CFTC Position Limits
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    6. Investment Manager Exemption
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      1. BEPS
      2. Dealing Commission
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      5. FTT
      6. High Frequency Trading
      7. MiFID / MiFIR
      8. Other Hot Asset Management Topics
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      11. Trading
      12. UK Partnership Tax Review
      13. Volcker Rule
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