Bloomberg News

German Rescue Fund May Help Prevent Credit Crunch, BaFin Says

January 23, 2012

Jan. 23 (Bloomberg) -- The German government’s plan to revive the Soffin bank rescue fund may help prevent a credit crunch in the country, said Raimund Roeseler, head of banking supervision at financial market regulator BaFin.

Roeseler, who spoke at a parliamentary budget committee hearing in Berlin today, said he doesn’t see a squeeze in lending in Germany.

To contact the editor responsible for this story: Nicholas Comfort at ncomfort1@bloomberg.net


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