Healthy Banking System Idea is Unhealthy, Says Nusseibeh

Bloomberg Video

November 16 -- Germany’s Bundesbank delivered an ultimatum to other major banking powers including the U.S. that it will walk away from talks on revamping global capital rules unless its key demands are met. Andreas Dombret, a member of the Bundesbank Executive Board, said on Tuesday that Germany won’t accept a deal “at any price.” With the administration of President-elect Donald Trump soon to take power in the U.S., propelled into office in part by increasing suspicion of globalization and regulation, Dombret said he hopes work in the Basel Committee “will continue to be based on mutual trust.” Hermes Investment Management Chief Executive Officer Saker Nusseibeh discusses with Anna Edwards and Yousef GamelEl-Din on "Bloomberg Daybreak: Europe."