Bloomberg News

Schmitz Says State Will Have to Fund Bafin, Handelsblatt Reports

March 26, 2012

Andreas Schmitz, the president of the Bdb Association of German Banks, said the federal government must fund financial supervisor Bafin itself if it wants bank representatives to leave the watchdog’s board, Handelsblatt reported, citing an interview.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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