EU to Embark on Strong Bank-Structure Overhaul, Barnier Says
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Michel Barnier, the European Union’s financial services chief, said that he will present proposals this year for a “strong reform” of bank structure in a bid to prevent lenders from being too-big-to-fail.
The EU plans will “separate well the risks in the banking sector,” the European Commissioner said in an interview with Bloomberg Television’s Caroline Connan yesterday at the World Economic Forum in Davos, Switzerland. The proposals may be published by September, he said.