Articles by Martin Hesse
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Beyond Regulators’ Grasp: How Shadow Banks Rule the World
Martin Hesse and Anne Seith – Der Spiegel,
19 Nov 2012
Beyond the banking world, a parallel universe of shadow banks has grown in the form of hedge funds and money market funds. They’re outside the reach of conventional financial regulation, prompting authorities to plan introducing new rules to prevent the obscure sector from triggering a new financial crisis. But in doing so they risk drying up an important source of funding to banks and firms.
→ read full articleWaves of Lawsuits Pending: Barclays Affair Rocks European Banking Industry
Martin Hesse – Der Spiegel,
16 Jul 2012
The LIBOR rate-fixing scandal has sent a shock wave through the whole European financial industry. A number of other banks are suspected of having manipulated interest rates, and Deutsche Bank has already suspended two employees. Experts warn of a wave of lawsuits that could ruin some institutions.
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