Forbes – There should be regulation for areas which have previously been excluded from supervision such as hedge funds, investment banks and derivatives, European Central Bank Executive Board Member Lorenzo Bini Smaghi said on Friday.

‘There is no problem of over-regulation at the moment but there is a need to regulate areas that are not regulated,’ he said at an event in Milan.

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Reuters – European Central Bank Executive Board member Juergen Stark was quoted on Tuesday as criticizing decisions made at the G20 summit to boost the IMF’s Special Drawing Rights (SDRs).

Stark suggested in a newspaper article that the decision was potentially inflationary as it would create "helicopter money" and that it had not been properly thought out.

Last week leaders from the Group of 20 wealthy and emerging economies agreed to support a general allocation of $250 billion worth of International Monetary Fund’s SDRs alongside other measures to boost the Fund’s firepower.

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