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European Watchdogs Calls for Banks to Revisit Business Models

Aarti Maharaj | May 6, 2015

In light of new regulations and stiffer penalties, the European Union is calling on banks to revamp their business practices to create a more sustainable model, a Reuters report said.

The EU’s banking, insurance and market regulators released a joint report on current and emerging risks that threaten the financial stability of EU member states. Supervisors across the 28-country EU will be required to closely monitor these risks.

The report said that banks must revisit their business models to ensure they continue to provide financial services such as establishing market in stocks and bonds to the economy that help companies create more funds.

"Fundamental questions remain about the sustainability of some banks' business models in search for sustained and solid...

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