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Plans to water down EC draft law to ban banks' proprietary trading

Ms Nouy says it is better for the ECB to decide on a case-by-case basis rather than having any fully automatic criteria.


EUROPEAN Union plans to ban banks taking market bets with their own money should be scrapped to avoid crimping the flow of funds needed for economic recovery, an EU document showed on Tuesday.

The bloc's executive European Commission has proposed a draft law to ban...

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