The European Greens will push for a compulsory ring-fence between
banks' riskier investment banking and retail activities, such as
mortgages and lending to small businesses, after the European elections.
Philippe Lamberts told delegates at the European Business Summit yesterday (15 May) that a “Vickers-style” division would force Europe’s deposit-taking banks to start lending again.
Lamberts is a Green member of the European Parliament’s Economic and Monetary Affairs Committee and is standing for a second term.
Since the crisis, banks have been reluctant to lend to each other and to businesses, which has hampered growth. The United Kingdom’s Vickers Reforms, proposed in September 2011, divides investment from retail banking.
Read more: Greens vow to push for bank ring-fence after EU elections | EurActiv
Philippe Lamberts told delegates at the European Business Summit yesterday (15 May) that a “Vickers-style” division would force Europe’s deposit-taking banks to start lending again.
Lamberts is a Green member of the European Parliament’s Economic and Monetary Affairs Committee and is standing for a second term.
Since the crisis, banks have been reluctant to lend to each other and to businesses, which has hampered growth. The United Kingdom’s Vickers Reforms, proposed in September 2011, divides investment from retail banking.
Read more: Greens vow to push for bank ring-fence after EU elections | EurActiv
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