Proposed overhaul at the EU

It has been a long time coming, but the overhaul is finally here. Like the Volcker Rule in the United States, the European Union released proposals today that would limit the likelihood that big banks will again endanger the financial system with the kind of behavior that brought on the financial crisis. This is just the first step though. Some, like the Finnish, were expecting a more drastic change. But ultimately have hopes of creating a universal bank for the EU to use. This hopeful article seems like a reassuring step in the right direction for large economic institutions. 


http://dealbook.nytimes.com/2014/01/29/e-u-bank-proposal-arrives-but-late-to-the-party/?_php=true&_type=blogs&ribbon-ad-idx=11&rref=business/international&module=ArrowsNav&contentCollection=International%20Business&action=keypress&region=FixedLeft&pgtype=article&_r=0