Bank split rules back on the agenda

By Owen Sanderson
28 May 2015

A bid to neuter Europe’s plan to split banks has been knocked back in the European Parliament, meaning the unloved legislation can grind on despite the opposition of some of Europe’s most powerful member states.

On Tuesday, May 26, the European Parliament’s ECON committee voted down amendments to the proposals for bank structural reform which would have allowed regulators to drop the rules for banks under their supervision.

The amendments fell by 30 votes to 29, with one abstention.

Rather than forcing an ...

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