France to Require Banks to Wall Off Prop Trading
Dec. 19 (Bloomberg) -- French Finance Minister Pierre Moscovici is set to submit to the cabinet today a bill designed to force the country’s largest banks to fence off proprietary trading activities in dedicated units.
Severin Cabannes, deputy chief executive officer at Societe Generale SA and Christophe Nijdam, an analyst at AlphaValue discuss the effect of the plans. Maryam Nemazee reports on Bloomberg Television's "The Pulse." (Source: Bloomberg)