Axel A. Weber - UBS

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Last quote by Axel A. Weber

Some euro economies have recovered from the crisis at a faster pace than others, which has been the case of Germany. However, the ECB's mandate is to look at the European average. I think it's unlikely the majority of the governing council is going to share (the German) view and therefore I don't think the ECB will change anything in its policies this year.feedback
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Apr 26 2017
Find all of Axel A. Weber’s quotes that have been published in 10 different articles on this page. Axel A. Weber’s quotes are organized by date and topic, making it easy for you to compare, for example, what Axel A. Weber has said both recently, and in the past, on a variety of topics. Some of the topics Axel A. Weber likes to comment on include Europe and bank. Most recently, Axel A. Weber said, “That's a problem that is not resolved – it's off everyone's radar screen. Even if growth rebounds, it's not a strong upswing. There's some upside to it but there's no real swing in it.”.
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Axel A. Weber quotes

We have the optionality, we can use the optionality but there is no need to front load using that optionality before we actually know what the outcome of the negotiations (is).feedback

We have a huge presence in London, we just inaugurated our new building...but at the same time we have optionality. We are present onshore in most of the European markets. For us as a European bank, moving staff between London and locations where they need to be to be with their clients is going to be an issue we solve down the road.feedback

There will be adjustment around the edges. I don't expect a full rollback on regulation but I expect much less regulation to come.feedback

We have announced a cost-cutting programme where we will basically deliver 2.1 billion (Swiss francs) ($2.15 billion) cost-cutting over the time. Mid-year we were at 1.4 (billion). We will deliver that programme.feedback

Most of the larger banks have stepped out of market making. And part of the regulation - basically don't hold proprietary positions - if you don't hold proprietary positions you are not that interested in market making.feedback

Investors have been driven into investments where they have very little capability for dealing with what is on their plate and I think that is a sure reminder of where we were in a different asset class in 2007.feedback

So I think the central bankers need to be very careful that they do not continue to produce disturbances in the markets, which they acknowledge - it's a known side effect - but the perception that the underlying impact of monetary policy outweighs the potential side effect in my view is starting to be wrong.feedback

They (central banks) have taken on massive interventions in the market, you could almost say that central banks are now the central counterparties in many markets. They are the ultimate buyer.feedback

Central banks have actually facilitated or at least encouraged other policymakers like finance ministers or those that do structural reforms to somewhat take a relaxed attitude towards acting fast.feedback

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