Dombret stresses need for national influence over global regulation

Andreas Dombret, an executive board member of the Deutsche Bundesbank, on September 19 said international financial regulations must be stringently adopted at a national level to be effective.

In a speech delivered in Frankfurt, Dombret said there is a need for a shared body of rules and regulations for global financial markets that are flexible enough to be adapted to the "peculiarities" of individual nations.

For supra-national rules to be effective, adoption into national law is necessary, he