E.U. Hints At Softer Ring-Fencing Approach

30 Jan 2013

Michel Barnier, the European Union’s commissioner of internal markets, has hinted that the E.U. may take a softer approach toward forcing banks to ring-fence their retail operations from their investment banking businesses, saying current recommendations could undermine Europe’s economic growth.

Michel Barnier, the European Union’s commissioner of internal markets, has hinted that the E.U. may take a softer approach toward forcing banks to ring-fence their retail operations from their investment banking businesses, saying current recommendations could undermine Europe’s economic growth.

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