Bundesbank’s Buch calls for three-pronged reform effort

Bundesbank vice-president says policymakers should tackle “excessive” risk-taking

Claudia Buch

The vice-president of the Deutsche Bundesbank has said the 2007 financial crisis still casts “long shadows” over growth and unemployment, emphasising the need for financial sector reform.

In a prepared statement for a panel at the Rencontres Economiques d’Aix-en-Provence, Claudia Buch says ”complete protection” against fluctuations from financial markets is not possible, and would actually “impair” critical market functions in terms of allocating resources.

“Answering the question of how

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