Given the evolution of the financial markets and financial services industry and the unfortunate events that some firms have recently encountered, comprehensive and robust management of legal and reputational risks is becoming more essential.
I was awarded the Karlspreis in Aachen and the Global Economy Prize in Kiel. This was a very great honour for me and both were very moving occasions. In Germany there is a debate about whether the voting rights in the ECB’s Governing Council should be redistributed.