The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Critic sees cause for optimism

The German Banking Association (Bundesverband deutscher Banken – BDB) has been a harsh critic of the slow pace of reform of the financial sector. However, over the past year the government has managed to push through several new laws. Manfred Weber (right), the BDB's CEO, tells Ben Aris there is much left to do but he is quietly optimistic that things are moving in the right direction. Reforms are moving slowly while everyone agrees that reform is needed. Is enough being done fast enough?

There have been a lot of changes over the last year from tax cuts to changes in the banking laws, but a lot of these changes are so far only visible on the surface yet.

July this year will bring more big changes when the Landesbanken's guarantee is abolished and they have been under pressures to adjust to a totally new world. I would say to them "welcome to the market".

The removal of the guarantee is only part of a bigger picture as the Basle II reform is also on its way.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree