The former board of directors of the Bundesbank calls for improvements in financial regulation.
(Photo: Bloomberg)
Denver After the bank failures in the USA and the emergency takeover of Credit Suisse (CS) by UBS, the topic of financial regulation is increasingly in focus – among investors and financial institutions, but also among the supervisory authorities, Andreas Dombret knows. As a member of the Bundesbank board, he was responsible for banking supervision himself until 2018 and now advises various companies and banks.
“There is now a great need for discussion among the supervisors, especially with regard to the ‘too big to fail’ problem,” said Dombret in an interview with the Handelsblatt. Banks that are particularly important for the stability of the financial markets are considered “too big to fail”.
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