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Legal Update

Does Volcker + Vickers = Liikanen?

February 2014
Mayer Brown Legal Update
On 29 January 2014 the EU published a proposal for legislation which would impose structural changes on the EU’s banking sector. This is not the only legislation with such an objective. Since the financial crisis, a number of jurisdictions, including the United States, the United Kingdom, France and Germany, have introduced legislation to separate retail and commercial banking from wholesale and investment banking in an attempt to re-structure banks that have been called "too big to fail," "too big to save" and "too complex to manage or supervise".

Authors

  • Alexandria Carr
    T +44 20 3130 3398
  • David R. Sahr
    T +44 20 3130 3496
  • Mark Compton
    T +44 20 3130 3388
  • François-Régis Gonon
    T +33 1 53 53 43 43
  • Andreas Lange
    T +49 69 7941 1941
  • Charles-Albert Helleputte
    T +32 2 551 5982

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