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We need a major overhaul of our banks and banking rules if we are to have a sustainable, stable financial system and economy.More
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1 June 2012, Brussels
Finance Watch today submitted its consultation response to the EU High-level Expert Group on possible reforms to the structure of the EU banking sector, chaired by Erkki Liikanen. The response details the size and implications of the public funding subsidy to large banks and related moral hazard, and proposes a number of near and longer term solutions to address these problems.