Markets not pricing risk well says ECB's Weber

Global financial markets may not be adequately pricing risk even after their recent sharp corrections, European Central Bank governing council member Axel Weber said on Thursday 15 March.

"Despite the marked corrections in various financial markets quite recently, there are ongoing signs of relatively low risk premia and still increasing use of leveraged instruments, such as in the credit markets," said Weber, who is also the president of Germany's Bundesbank, told university students in Pune