Buba's Stark on new trends in financial markets

In the speech 'Some new trends in financial markets' given on 23 April Jurgen Stark of the Deutsche Bundesbank said the financial industry is one of the most globalised industries in the world. Supervisors cannot limit their attention to what is going on within their national boundaries.

"If they don't see beyond the ends of their noses, they will not be up to dealing with financial stability issues. The appropriate response is cooperation of supervisors on an international scale. As financial

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