Germany's Weber calls for strong ESRB presence
Central banks should have a strong presence in the executive committee of the proposed European Systemic Risk Board (ESRB), said Axel Weber, the president of the Bundesbank.
Weber said that five representatives from central banks should sit on the executive committee. He also said the board should be free of political influences.
He said that guidelines for regulation of managers of alternative investment funds and hedge funds issued by the European Commission needed more clarity. He said that the
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