The European Commission's (EC's) proposal to reform regional
banks' trading activities is the latest in a line of misguided
attempts to prevent a repeat of the 2007 – 2008 global
financial crisis. Previously, the UK had favoured a structural
split that would force banks to detach their risky trading
activities from their retail operations. In the US, the Volcker
rule imposes a ban on proprietary trading in the banking group.
Europe's recent offering includes both structural separation