HIGHLIGHTS-Speakers at Frankfurt's European Banking Congress

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FRANKFURT | Fri Nov 20, 2009 4:12am EST

FRANKFURT Nov 19 (Reuters) - Regulators must be stubborn in pushing through reforms, European Central Bank Governing Council member Axel Weber said on Friday.

Below are highlights of comments by central bankers and bankers at the European Banking Congress in Frankfurt.

BUNDESBANK PRESIDENT AXEL WEBER

"In the downturn, in the midst of the crisis, everybody is crying for regulation. When we bring regulation on the way in the next upswing, everybody will say the regulators do not understand anything, they are just conservatives, they will just put brakes on new products, we don't want to do this, everyone is euphoric."

"We don't give a damn what anyone says, because we will just implement it. It is very important for us not to fall prey to influences on the way up or down ... We have to turn very stubborn, we have seen the biggest crisis in post-war history and make the system more resilient."

"Monetary policy was not part of the culprits (in creating the crisis)." DEUTSCHE BANK DBKGN.DE CHIEF EXECUTIVE JOSEF ACKERMANN "The worst parts of the financial crisis are behind us."

"A very valid question is how to prevent another crisis."

(Reporting by Krista Hughes, Marc Jones and Sakari Suoninen)

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