EACT Position Statement on European Commission Proposal for Bank Structure Reform

The EACT has published its position paper on the European Commission's proposal for Regulation on structural measures to improve the resilience of EU credit institutions which deals with the structural reform of the EU banking sector. We stress that we are not convinced of the need to introduce a fundamental separation of banking activities as proposed by the Commission. Furthermore, we urge the legislators to reconsider the activities subject to separation and to re-design the "separation line", allowing the deposit entity to offer the services that non-financial companies require from their banks.