Ackermann Says Bailout Risk Lurks in Unregulated Hedge Funds

BusinessWeek – Deutsche Bank AG Chief Executive Officer Josef Ackermann said unregulated financial companies such as hedge funds may pose a systemic risk to the economy if oversight isn’t increased.

“You have an unregulated area which becomes — as a consequence of all the regulatory changes — more and more important,” Ackermann, 62, said in an interview at the World Economic Forum in Davos, Switzerland. “You may one day wake up and realize that the systemic challenges are so big that you will have to bail out or at least help support the unregulated sector.”

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply