Volker Wieland warns about danger for financial sector due to low-interest rate policy ("Frankfurter Allgemeine Zeitung")

According to Volker Wieland the European Central Bank' (ECB) is becoming more and more a part of the problem with its monetary policy and is destabilizing the financial sector. The central banks were right to lower interest rates and react with quantitative easing during the financial crisis and the European sovereign debt crisis, Wieland said in an interview with the "Frankfurter Allgemeine Zeitung". However, in the meantime, the low-interest rate monetary policy of the Fed and the ECB persists much too long.

Thus, according to Wieland, Fed and ECB are more and more becoming a part of the problem. In his view, risks are building up in the financial sector, especially in the banking sector profitability is going down, risky assets increase and in the long run there are risks arising from changes in interest rates, Wieland said in the interview.

FAZ: "Wirtschaftsweiser Wieland: EZB destabilisiert Finanzsektor"

also:
Spiegel Online: "Wirtschaftsweiser gegen Niedrigzinspolitik: Es bauen sich Risiken auf"
Reuters: "Deutsche-Bank-Chef: EZB-Geldpolitik richtet Schaden an"