German Financial Regulator Elke König 'It's Time to Search for Alternatives'

Elke König is the head of the Germany's Federal Financial Supervisory Authority (BaFin). In a SPIEGEL interview, she discusses the scandals rocking the banking world and what needs to be done to rein in its casino culture.
"Parts of the banking sector have spent far too long hiring overly ambitious employees."

"Parts of the banking sector have spent far too long hiring overly ambitious employees."

Foto: Corbis
 Translated from the Germany by Ella Ornstein.