Deutsche Bank's Matherat Urges Rethink on Quarterly Reporting
- Three-month cycle helped fuel financial crisis, she says
- Matherat doesn’t expect or want major roll-back of regulation
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U.S. President Donald Trump may have found an ally in his quest to lighten the burden of financial reporting for companies: Deutsche Bank AG.
Quarterly reporting deadlines fuel too much short-term thinking among banks, which may have helped fuel the financial crisis, the German lender’s chief regulatory officer, Sylvie Matherat, said in an interview. Trump recently reignited an old debate on Wall Street by asking the Securities and Exchange Commission to consider allowing publicly-listed companies to update investors only twice a year.