EU 'blocked' on trading desk separation plan
European Parliament cannot agree on bank structural reform to tackle the too-big-to-fail issue
A proposal to ring-fence European bank-trading activities has stalled in the European Parliament as the two largest political parties cannot agree on a compromise text. The friction between them may even result in the proposal being withdrawn, according to the dossier's parliamentary rapporteur.
"For the time being, the legislation is blocked and the risk is that we will get no legislation at all," says Gunnar Hökmark, a member of the largest centre-right group, the European People's Party (EPP)
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