Potential candidates are at least market prices, credit-to-GDP ratios, and changes in banking sector liabilities.20 Finally, in accordance with the structural regulation of banks already agreed in the US and the UK, the European Commission has proposed a ban on proprietary trading for the largest banks and an option for subsidiarisation of other trading activities, to be placed in a separate legal entity within a banking group.
BIS central bankers’ speeches  1  While the decision of last Thursday was appropriate given the present economic environment, we should now analyse the effects of these decisions before starting the next round of monetary policy easing.