The High-level Expert Group on reforming the structure of the EU banking sector presented its report to Commissioner Michel Barnier on 2 October 2012. The Group has been chaired by Governor Erkki Liikanen of the Bank of Finland. The report is available on the European Commission’s website
The report contains recommendations aimed at establishing a safe, stable and efficient banking system serving the needs of citizens, the EU economy and the internal market. To that end, the Group recommends actions in five areas:
  • Mandatory separation of proprietary trading and other high risk trading activities within the banking group,
  • Additional separation of activities conditional on the recovery and resolution plan, 
  • Possible amendments to the use of bail-in instruments as a resolution tool,
  • A review of capital requirements on trading assets and real estate related loans; and
  • A strengthening of the governance and control of banks.
Statement by Governor Erkki Liikanen (link)
For further information, please contact:
Esa Jokivuolle, Research Adviser, tel. +358 10 831 2309,
Kimmo Virolainen, Head of Financial Stability and Statistics, tel. +358 10 831 2308, or
Jenni Hellström, Head of Communications, tel. +358 10 831 2632.