Quote of the day

The size and complexity of a very small number of very large banks remains an issue of concern. … This is particularly the case with the systemic risk created by large banks with significant trading activities.  Existing prudential rules and recovery and resolution measures may not be sufficient to address fully the risks that some of these banks pose to financial stability. There is therefore a residual risk arising from those institutions that needs to be addressed… I will make it a priority to push for an early agreement on [the bank structure] proposal.

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