Debate continues in Europe about ring-fencing banks

01/31/2013 | New York Times (tiered subscription model), The

Erkki Liikanen, a member of the European Central Bank Governing Council, has again stated his belief that trading and deposits must be separated. "Separation of activities is the most direct instrument for tackling banks' complexity and interconnectedness," Liikanen said, after EU Internal Market Commissioner Michel Barnier expressed reservations. However, Germany, France and the UK appear to opting for more modest reforms.

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