World needs ‘less and better’ finance, Bundesbank board member says
Financial authorities must not “prematurely” discontinue regulatory reforms, Dombret argues
The global economy needs "less and better finance" that serves the real economy and sustainable development, a member of the executive board of the Bundesbank has said.
The "more finance, more growth trajectory isn't a sustainable solution" for current economic problems, Andreas Dombret told an audience at Harvard University on April 8. Instead, he said, financial authorities needs to take three more steps.
They should "credibly" implement agreed reforms to financial supervision, he said; for
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