13.09.2012 - What European banking changes could mean for Islamic banks
Make no mistake; the Islamic banking industry faces big changes ahead. What seems like some minor ructions in a far away market are likely to have long and lasting impacts on the global banking industry and the Islamic banking sector will not be immune. Amidst the economic turmoil that is roiling many economies of Europe comes a plan to make European banks ring fence their trading assets thanks to the Liikanen review (so named because the review committee is chaired by the Finn Erkki Liikannen) The Liikanen review is not yet complete but it seems certain that some form of hybrid model between the US and the UK approaches to banking reform will be promoted by the review...............................................Full Article: Source
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