Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Britain to be Exempted From EU’s Structural Reforms

Aarti Maharaj | June 17, 2015

Twenty-eight of the EU’s national governments gathered yesterday to discuss how the member states should deal with banks that are too-big-to fail. Banks that are over the 100 billion trading mark will be subjected to added scrutiny from regulators. According to Bloomberg, some financial institutions that fall under this category includes: Deutsche Bank, HSBC Holdings Plc, Barclays Plc, Commerzbank AG, among others.

In light of the financial crisis, which took down Lehman Brothers, a sprawling global bank, and ushered in a series of regulatory reforms, the EU is taking extra steps to ensure that future bank crisis can be handled without turning to government assistance.

Under the proposed law, banks with less than 35 billion euros will not be subjected to the new separation bill, but those that carry out trading activities of less than 100 billion euros will fall under the first of two “tiers” and will face “light” requirements, sources...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.