Lords launches inquiry into EU bank structural reform: The House of Lords has launched an inquiry into the proposal for banking structural reform that the Commission adopted earlier this year. Its EU Sub-Committee on Economic and Financial Affairs has already questioned representatives of the Commission about reasons for the delay in the proposal and its divergence from the Liikanen recommendations. The Lords is also concerned about the practicalities of implementing a ban on proprietary trading. (Source: Lords Ask if Ban on Risky Bank Trading Will Work)

Lords questions Government on shadow banking: The House of Lords has written to the City Minister, Sajid Javid, asking for responses on a series of questions about the role of shadow banking and its regulation. The letter contains a summary of evidence on the matter delivered by representatives of the Commission and the Confederation of British Industry. (Source: Lords Publishes Letter to Sajid Javid MP)