Bloomberg News

FSB’s Draghi Says Lacking Confidence May Cause Funding Problems

October 03, 2011

Oct. 3 (Bloomberg) -- Financial Stability Board Chairman Mario Draghi, who will replace European Central Bank President Jean-Claude Trichet next month, said a lack of confidence may be among the reasons for lenders’ “funding problems.”

“It’s very hard to distinguish between whether the funding problems are actually liquidity problems or whether they come from the lack of confidence in the banking system,” Draghi said at a briefing in Zurich today. He declined to comment on who will replace him as head of the FSB once he takes over the Frankfurt-based central bank.

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Simone Meier at smeier@bloomberg.net


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