Commission kills European 'Dodd–Frank' act

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By Jean Comte
25 Oct 2017

The European Commission officially announced on Tuesday that it will withdraw its “proposal for a regulation on structural measures improving the resilience of EU credit conditions”, also known as “Banking Structural Reform”.

The bill, unveiled in January 2014, has been stuck in the European Parliament since 2015, where left and right-wing MEPs have major disagreements on the content of the text.

The rapporteur for the bill, Swedish conservative Gunnar Hökmark, wanted to delete the automatic separation of investment and deposit ...

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