LUXEMBOURG (Reuters) - European Union finance ministers reached agreement on a draft law on Friday to rein in trading risks at banks that exempts Britain's lenders who already face similar curbs.
The bloc's finance ministers gave the green light to the reform at a meeting in Luxembourg. Talks will now start with the European Parliament on a final text that becomes law.
"The structural reform of banks is a very central element to completing the reform of promoting banking stability," EU president Latvia told the meeting.
Britain's Finance Minister George Osborne told the meeting the regulation recognises there are different banking systems across the EU.
(Writing by Huw Jones; editing by Jason Neely)
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