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Economic History Latest News: ECB's Noyer Says Financial Market Regulation Needed

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July 06, 2013 AT 10:49 AM
Strengthening regulation of financial markets is necessary to reduce risks, ECB policymaker Christian Noyer said on Saturday, in a speech entitled "The end of the dictatorship of finance". Noyer, who has in the past turned up the heat on London's role as Europe's finance hub, criticized accounting rules which he said fuelled "short-termism" and said the opaque nature of some parts of the markets had fuelled the financial crisis.