Italy's Draghi - standardisation needed

A move towards the standardisation of financial products in the future is unavoidable, said Mario Draghi, the governor of the Bank of Italy.

Draghi said in an interview with the Wall Street Journal, a newspaper, that standardisation and transparency was needed as people must be able to understand and price products with full knowledge of them. He also said that it was of primary importance to create a centralised clearing and settlement process.

He also said in an interview with CNN, a broadcaster

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