HVB CEO Sprissler says financial market turbulence not yet over |
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Published
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Thu, 15 Nov 2007 12:48
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FRANKFURT (Thomson Financial) - HVB AG chief executive Wolfgang Sprissler said the financial market turbulence triggered by US subprime market woes is not yet over.Speaking at the Bavarian Banking Association, which he chairs, Sprissler said that the industry must determine lessons it can learn from the ongoing crisis but this should not result in greater state regulation.'We need more transparency in the markets so that comprehensive information can be made available to help market participants make their decisions and can be correctly accessed by competition,' he added.marilyn.gerlach@thomson.comdp/mog/lhtCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Credem's Abaxbank 9-mth net drops sharply due to market turbulence 