Universal bank model not at an end -ECB bank watchdog

April 1, 2015 8:08 AM

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FRANKFURT, April 1 (Reuters) - The re-working of many European banks' business models in response to regulatory changes does not spell an end to the universal bank, the European Central Bank's top bank supervisor, Daniele Nouy, told a German newspaper.

Tighter regulatory scrutiny and the requirement for thicker capital safety cushions for riskier banking business is prompting a strategy rethink at many banks, including universal banks that combine standard deposit-taking and lending with more sophisticated investment banking activity.

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