ECB backs separating banks' risky activity from retail services

01/29/2013 | Reuters

The European Central Bank has released a document saying it "sees merit" in separating banks' risky trading from their retail business. "In general, the Eurosystem [of euro-zone central banks] sees merit in separating certain high risk activities of financial institutions that are not associated to the provision of client-related services," according to the ECB. The central bank also backs proposals to let bondholders of insolvent banks endure losses.

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