In a draft proposal, the European Commission appears on course to step back from earlier plans that would rigorously force large banks to hive off their lending business from their risker trading operations.
Banks should separate deposit banking from trading and other high-risk investment to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday (2 October).
Following his approval by the Council, the new Finnish Commissioner Olli Rehn has taken office in Brussels with responsibility for the Enterprise and InfoSoc portfolios. His key ambitions lie in economic affairs.
Enterprise Commissioner Erkki Liikanen was nominated as new governor of the Finnish Central Bank, but the final decision has not yet been taken and more candidates are still in the running.
After two days of discussions, the European
Business Summit has called for a more innovative and a more
creative Europe in a less regulated Internal
Market