Bad bank blues

Axel Weber Keystone

UBS chairman Axel Weber has been complaining about regulators during a WEF debate. The former president of the German central bank, who used to have a say on regulations, now bemoans the fragmented and piecemeal nature of the new rules.

This content was published on January 23, 2013 - 13:32

How can UBS change its ways and adopt a new, safer and more socially friendly strategy if it has to deal with a different set of criteria in each country it does business in, he argued.

Rather than speeding bank reform, the increasingly diversified regulatory framework is bogging down change, is the gist of his argument.

We'll see what William Black, former US financial regulator and now fierce critic of banks, has to say about that when I chat with him on Thursday.

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?