Andreas Dombret, one of six members of the Bundesbank’s executive board, has reinforced the perception that the so-called shadow banking system is at the forefront of European regulators’ concerns in an interview with Euromoney.
Euromoney: Your responsibilities include financial stability. As a result of the crisis, has the system of regulation changed in Germany? Dombret: In the main, no, there is still the same division of responsibility between the Bundesbank and BaFin [Bundesanstalt für Finanzdienstleistungsaufsicht, the Federal Financial Supervisory Authority].
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