{"id":18971,"date":"2013-01-08T19:37:22","date_gmt":"2013-01-08T18:37:22","guid":{"rendered":"http:\/\/uk.news.yahoo.com\/osborne-urges-eu-adopt-bank-ring-fence-proposals-170953392--finance.html"},"modified":"2013-01-08T19:37:22","modified_gmt":"2013-01-08T18:37:22","slug":"uk-urges-tougher-ring-fence-rules-for-eu-banks","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/uk-urges-tougher-ring-fence-rules-for-eu-banks\/","title":{"rendered":"UK urges tougher ring-fence rules for EU banks"},"content":{"rendered":"<div>\n<p class=\"first\">LONDON (Reuters) &#8211; British Chancellor George Osborne urged European Union policymakers on Tuesday to seriously consider adopting proposals to separate banks&#8217; retail and investment banking operations.<\/p>\n<p>&#8220;There is an interesting proposal on the table &#8230; which envisages ring-fencing European banks&#8217; retail and investment arms into separate entities,&#8221; Osborne told a Berlin meeting of European officials, including German Chancellor Angela Merkel.<\/p>\n<p>&#8220;Britain is already pushing ahead with similar reforms and I think it&#8217;s an idea that the EU, including Germany, should give serious consideration to implementing,&#8221; Osborne added, according to a statement provided by his office.<\/p>\n<p>Osborne was referring to proposals from Finnish central bank governor Erkki Liikanen to ring-fence banks&#8217; riskier activities, thereby reducing the danger they posed to the rest of the economy during a financial crisis.<\/p>\n<p>(Reporting by David Milliken and Olesya Dmitracova)<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; British Chancellor George Osborne urged European Union policymakers on Tuesday to seriously consider adopting proposals to separate banks&#8217; retail and investment banking operations.<br \/>\n&#8220;There is an interesting proposal on the table &#8230; &#8230;<\/p>\n","protected":false},"author":1213,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-18971","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/18971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=18971"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/18971\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=18971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=18971"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=18971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}