Another starting point would be to abolish disclosure requirements that have been rendered obsolete by the co-existence of European and German rules. I think unnecessary duplications in the collection of data should be eliminated by amending the German rules. Viewed from this angle, I see Germany’s Liquidity Regulation one of the pieces of legislation that can be scrapped.
Events in the financial markets today occur too quickly to give anyone a comfortable learning curve in grappling with financial problems. I believe that our objective should be to make managers and institutions behave as if there were no safety net and align their natural market-driven decisions with supervisory objectives.