French banks open to EU Volcker rule: SocGen CEO
PARIS (Reuters) – French banks would be open to new Europe-wide banking regulations in the mould of the so-called Volcker rule in the United States to crack down on speculative risk-taking, the head of Societe Generale told Le Figaro newspaper. Frederic Oudea reiterated his opposition to a Vickers-style reform as seen in the UK, ringfencing banks’ retail operations from their investment banks, however. . . .
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