Dombret wary of conflicts between regulatory measures

Andreas Dombret, an executive board member of the Deutsche Bundesbank, today highlighted the implementation challenges individual countries will face as the global regulatory agenda takes shape.

Speaking in Vienna, Dombret praised the G-20's "all-embracing approach" to regulation and said the focus is shifting away from the development of regulatory measures and towards their implementation.

He stressed the need for measures to be implemented consistently across countries, and expressed caution over the way different reforms may interact with each other.

Conflicts could arise from sector-specific measures, Dombret said, which may have unintended consequences elsewhere in economy, or even produce conflicting incentives to another piece of regulation.

"Such a lack of consistency might lessen the desired effects of the new regulations, or even negate them entirely," he said. "It will be absolutely crucial that we identify any potential interactions of this kind and, as far as possible, avoid them."

To read Dombret's speech in full, click here.