Step one in the Bundesbank’s approach to banking supervision: ignore a problem and it will just go away. Like an indulgent father unwilling to accept his son’s failings, the central bank is doing its best to pare down the travails of Germany’s private banks to a temporary blip in a history of otherwise strong earnings growth and sound profitability. “We’ve had some discussions about the stability of the banking system and I must underline that there are no concerns of a systemic nature,” says Edgar Meister, board member of the Bundesbank and chairman of the banking supervision committee of the European system of central banks.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
