EU lawmaker backs supervisory discretion on bank trading risks

April 16, 2015 2:52 PM

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LONDON, April 16 (Reuters) - Supervisors should have discretion when it comes to deciding if a bank must isolate trading activities under planned European Union rules, a senior EU lawmaker said on Thursday.

EU member states and the European Parliament are scrutinising a law on reining in risks from trading derivatives, stocks and bonds at banks to apply lessons from the 2007-09 financial crisis.

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