Conservatives say no unilateral bank break-ups

LONDON (Reuters) - The Conservatives said on Monday there was a case for separating a bank's riskier activities from deposit-taking but only after taking international developments into account.

"I believe there is a case for separating some of the riskier investment banking activities, such as large scale proprietary trading from retail banking, but that it would not be sensible, or indeed effective to impose separation unilaterally," George Osborne, shadow treasury minister for the Conservative party, said.

"We will continue to examine the case internationally," Osborne told a news conference.

The Conservative party is tipped to win the next general election, due by June 2010.

(Reporting by Keith Weir, editing by Huw Jones)