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Banks in the European Union face limits on taking market bets with their own money under a draft EU proposal that represents attempts to prevent a repeat of the 2007 and 2009 financial crises. Policymakers want to rein in excessive trading risks in the EU banking sector, whose assets total some 43 trillion euros. This could threaten depositors if trades go wrong and potentially put taxpayers on the hook in a rescue.
|EU Bank Trading Plan Stops Short Of U.S. Volcker Rule|
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