Barnier said that the committee would examine whether banks' retail and investment banking activities should be separated. “It will have a look [at the] subject of the structure of banks and separation in risk management”, he said.
Barnier has postponed draft legislation designed to improve the quality of auditing. The plans, which are expected to include forcing companies to change their auditors every nine years, were supposed to come out yesterday but they have been delayed by at least a week to give the Commission more time to work on the text.
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