The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

The next regulatory battle: bank structures

From the Volcker Rule to the EU’s proposed ring-fencing, inconsistent rules on bank structures, both within the EU and between the US and Europe, are the latest threat to the global banking model.


The push to force international banking groups to restructure their businesses to separate retail and investment-banking activities is yet another example of regulators’ determined assault on too-big-to-fail: the cost is the balkanization of the global banking model. Bankers fear wasting billions on overlapping and incompatible rules on bank structures both within the EU and between the US’s Volcker Rule and the EU’s proposed ring-fencing.

The stakes are high. Sharon Bowles, the former chair of the economic and monetary affairs committee of the European Parliament from 2009 until July, says inconsistent proposals at EU level could take a while to resolve, which could, in turn, exacerbate the eurozone credit crunch.

Bankers have been pushing back to little avail since the October 2012 publication of the Liikanen report, compiled by a group of experts led by Finnish central bank governor Erkki Liikanen.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree