Investment-banking separation passes French lower house

02/20/2013 | Wall Street Journal, The

Legislation to make banks move investment banking into another entity, to protect deposits, has been approved by France's lower house. The plan is not as strong as the EU's Liikanen proposal or the strictest version of the US Volcker rule. The French proposal's more-measured nature has allowed lawmakers to proceed more quickly.

View Full Article in:

Wall Street Journal, The

Published in Brief: