The financial sector’s biggest beasts are once again in the spotlight, amid fears many could go under if Greece were to default. Now a new report by a Brussels-based thinktank is adding to calls for tougher monitoring rules to protect the tax payer from the banking industries’ most risky players.
Rym Ayadi from the Centre for European Policy Studies said: “In my view, I would not try to push other business models to follow the business model of retail banks. They would need to somehow recapitalise. Our recommendation shows that we need to monitor the industry to see when the problem occurs.“