Axel A Weber: Monetary policy after the crisis – a European perspective Keynote speech by Professor Axel A Weber, President of the Deutsche Bundesbank, at the Shadow Open Market Committee (SOMC) symposium, New York City, 12 October 2010. * 1.
The unbundling of risk that accompanies the deconstruction of financial products into their constituent parts has revolutionized finance, irreversibly transforming the way services are provided, as well as by whom. What is particularly impressive is that, fueled by both computing and telecommunications capabilities, the pace of financial innovation does not appear to be slowing.