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Global Financial Market System: Norbert Walter Urges for Regulation of Financial Markets

Published: October 12, 2010; 16:05 · (Vindobona)

Economist Norbert Walter discussed world financial markets with Lower Austria Deputy Governor Sobotka and Hypo Lower Austria Chairman of the Board Harold at the HYPO Invest Club.

Global Financial Market System: Norbert Walter Urges for Regulation of Financial Markets / Picture: © Reuters

Prof. Norbert Walter raised the need for a fundamental overhaul of the world financial market system, based on a new culture of monitoring institutions in the financial market, before around 100 invited guests at the Lower Austria Palais in Vienna.

"The failure of risk control in financial institutions was a key error during the crisis. A new culture of monitoring banks…

This article includes a total of 262 words.

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