FSB warns of spillovers from new bank structures
Some jurisdictions fear unintended consequences of reforms
The Financial Stability Board (FSB) is warning of potential international spillover effects resulting from efforts at structural reform in banking.
Principal among these efforts have been the Liikanen proposals in Europe, Vickers ‘ring-fencing' in the UK and the 'Volcker rule' ban on proprietary trading in the US.
But some jurisdictions have complained of a potential destabilising impact from these reforms, and a report by the FSB compiles these viewpoints.
All three of the main structural
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