Germany’s banks are slowly regaining their health, Elke Koenig, president of German financial regulator Bafin, said in an interview with the Frankfurter Allgemeine Sonntagszeitung.
“They’re slowly becoming healthy, but the risk of contagion remains high,” Koenig told the newspaper. Asked what would happen if a foreign bank collapsed, she said her agency is “optimistic that the German banks are prepared for nearly all imaginable scenarios.”
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