|By ACN Newswire||
|December 11, 2013 04:41 AM EST||
Hong Kong, Dec 11, 2013 - (ACN Newswire) - Regulation will dominate the banking industry for the next year and beyond, according to Dr Paul M Achleitner, Chairman of the Supervisory Board of Deutsche Bank AG, Germany's largest financial institution.
"Regulation will be the dominant factor and, frankly, the competitive factor in the banking industry," said Dr Achleitner, adding that this would be the case "not just for the next 12 months" but for a much longer period.
The banking executive is also positive about fundamental growth factors in Asia, noting that Deutsche Bank is very encouraged by the Chinese mainland's recently announced political and economic agenda.
Dr Achleitner made these and other comments in a video interview with the Hong Kong Trade Development Council (HKTDC) on 27 November. Dr Achleitner will be a speaker at the upcoming Asian Financial Forum, taking place 13-14 January in Hong Kong, and organised by the HKTDC and the Hong Kong SAR Government.
Watch this video at: http://youtu.be/ZOGbxhGsxEM
A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 12 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com. Follow us on Google+, Twitter @hktdc, LinkedIn.
Joe Kainz Tel: +852 2584 4216 Email: firstname.lastname@example.org
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