Reform needs broader view, says former Cesr head

Looking too closely at the figures

Regulatory reform is focusing too much on increasing bank capital and too little on preparing supervisors to deal with the next crisis, says a former chairman of the Committee of European Securities Regulators (Cesr) in an exclusive interview with Operational Risk & Regulation.

Arthur Docters van Leeuwen, now a senior research fellow at the Dutch School for Public Administration, was chair of Cesr from 2001 to 2007. "We don't look enough with real understanding at what has happened," he says

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