German banking association chief warns against over-regulation
Daily news headlines
Association of German Banks’ head Manfred Weber stresses the need for the right blend of market and regulation
FRANKFURT – Manfred Weber, chief executive of the Association of German Banks, presenting the Banking Survey 2008 – facts|opinions|outlook, warned about the dangers of over-regulation.
“We can only ensure financial market growth and stability with the right blend of market and regulation,” said Weber. “Yet the experience of the past few months shows that it is first up to the financial market participants themselves to get to grips with dislocation and turmoil. But rules for globally networked financial markets have to be agreed internationally and should always be checked for their practicability.” Otherwise flexibility and innovativeness would be killed, although both were urgently needed in the financial markets in the future as well to ensure growth and prosperity. Banking would always remain a risk-taking business. “Over-regulation, on the other hand, merely creates a false sense of security and quashes opportunities for growth in particular”, he said.
Click here for the Banking Survey.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Risk management
Beware war exclusions in cyber insurance, risk managers told
Risk Live: Experts say policy wording is tightening up following rise in ransomware attacks
Top 10 operational risks for 2024
The biggest op risks for the year ahead, as chosen by senior industry practitioners
Top 10 op risks: AI fears drive cyber risk to record high
External fraud re-enters top 10; change management now a top five concern
Harsh judgements: why Stateside lenders are upping the Q-factor
As CRE stalls, qualitative adjustments are forming a larger part of US banks’ credit risk allowances
As FCMs dwindle, regulators fear systemic risk
Panellists highlight dangers of clearing membership becoming more concentrated
Bank credit risk: how well do you know your counterparties?
As financial markets evolve, evaluating the complex credit risk exposures of non-bank counterparties is crucial for effective risk management, says Quantifi’s Dmitry Pugachevsky
EU index managers face funding risks as US moves to T+1
Rotations from European to US assets will need prefunding due to slower EU settlement
CCPs show support for daily stress margin tools
Anti-procyclicality measure floated by HKEX official sparks interest from rivals including Nasdaq
Most read
- Top 10 operational risks for 2024
- Regulators’ FRTB estimates based on faulty premise – industry study
- As FCMs dwindle, regulators fear systemic risk