Weidmann says regulation must strengthen principle of individual responsibility
The president of the Deutsche Bundesbank, Jens Weidmann, today said that in order to achieve a "more stable and shock-resistant financial system, it is essential to strengthen the principle of individual responsibility and liability".
In a keynote speech to the 2013 Federation of European Securities Exchanges (FESE) Convention, Weidmann said the "decisive question" is "how the principle of liability could be strengthened by regulatory measures".
For banks, he highlighted two ways in which
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