Dombret stresses need for national influence over global regulation

dombret-andreas

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

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