Trichet Says Officials Should Address Fallout from Bank Collapse
Jan. 27 (Bloomberg) -- Former European Central Bank President Jean-Claude Trichet talks about systemic risk in the banking industry. He speaks during a Bloomberg Television debate moderated by Maryam Nemazee at the World Economic Forum's annual meeting in Davos, Switzerland. (This report is an excerpt. Source: Bloomberg)
Former European Central Bank President Jean-Claude Trichet said today that in “a world of market economies” officials should address the probability of a bank collapse.
“We should reduce the the probability of having consequences that are very adverse,” he said at a Bloomberg conference in Davos, Switzerland. “Nobody would be foolish enough” to say that everything is safe, he said.
To contact the reporter on this story: Jennifer Ryan in London at jryan13@bloomberg.net
To contact the editor responsible for this story: Fergal O’Brien at fobrien@bloomberg.net
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