German regulators may soon find themselves in the investment selection and recommendation business, as the country’s finance minister, Wolfgang Schaeuble, left the door open to banning some financial products deemed too risky.
German officials stepping up regulation of unregulated markets
According to a report in Bloomberg, Schaeuble directed German regulators to formulate rules to step up supervision of products traded on unregulated markets. “But transparency and traceability must be increased. Whether the measures under discussion should include bans on certain products in the gray market remains to be seen,” he was quoted as saying.
Germany is in the...
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