Too big to fail solution essential, says Weber
The newly proposed Basel III rules will help protect the financial system but a more comprehensive set of measures is needed to address the too big to fail problem, Axel Weber, the president of the Bundesbank, said on Wednesday.
Speaking at an event in Brussels, Weber said: "The financial crisis has painfully demonstrated the vulnerabilities of our financial system. Closing the regulatory gaps which the crisis has revealed - however important that is - would be too little. Financial reform has
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