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European Union: Private Trading of Banks to be Restricted
Politics ♦
Published: January 7, 2014; 11:32 ♦ (Vindobona)
The European Union intends to severly restrict risky private trading of banks.
European Union: Private Trading of Banks to be Restricted / Picture: © Vindobona.org
Major banks in the European Union will be demonstrated the limits of private trade, according to a draft regulation, as reported by Reuters. The EU draft, however, still lags behind the restrictions of the so-called Volcker regulations in the US as investment banks are permitted to carry out proprietary trading only until 2015.
According to the EU draft regulations only major…
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