ECB's Bini-Smaghi: tackle conflicts of interest
The main problem with financial markets comes from conflicts of interest at all levels, said Lorenzo Bini-Smaghi, a member of the executive board of the European Central Bank.
He stressed that self-discipline and self-regulation are not sufficient to solve the conflicts of interest. There must be constraints and obligations, not only for individuals but also for institutions, he said.
"If we really want to overhaul the financial system so that it can face the challenges of the future, we have to
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