In an unusually bold attack, ECB's Christian Noyer warns banks are taking the same risks that...

|By:, SA News Editor

In an unusually bold attack, ECB's Christian Noyer warns banks are taking the same risks that led to the crisis, and tells them to preserve capital rather than pay it out to bankers and investors. "Most of the negative effects of the economic downturn on balance sheets are still to come," he says. (read Noyer's full speech (.pdf))