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reducing excessive risks, ensuring competition, reducingcomplexity and limiting interconnectedness in EU banks, by separating banking activities that are essential for the real economy from risky trading and investment ones,
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improving corporate governance and creating incentives forbanks to establish transparent organisational structures, increasing accountability and reinforcing a responsible and sustainable remuneration system,
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strengthening personal liability and liability for boardmembers,
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ensuring that essential retail activities continueuninterrupted by problems caused by the investment arm of a bank,
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ensuring that risky trading and investment activities do notbenefit from implicit guarantees or subsidies, the use of insured deposits or taxpayer bailouts,
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separating sources of funding and balance sheets for retailand investment activities and ensuring that capital is not shifted from deposits and credit activities to risky trading activities,
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promoting effective, fair and sustainable competition amongbanks so as to develop a well-functioning and efficient banking sector which facilitates lending to the real economy by ensuring universal access to banking services and reducing the cost of banking services, and
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ensuring that in the event of a bank’s failure, depositorscan still have access to funds and that essential services credit, payment and deposit activities continue.