Bloomberg News

Bundesbank’s Lautenschlaeger Says Basel Rules Won’t Curb Credit

March 29, 2012

Bundesbank Vice President Sabine Lautenschlaeger said the new Basel III banking rules are unlikely to make it more difficult for Germany’s medium-sized companies to obtain credit from lenders.

“There is a concern that the new Basel capital rules will cause a credit crunch in some regions in Europe,” Lautenschlaeger said at an event in Munich today. “For Germany we have not seen any signs of less credit or even a credit crunch.”

Capital and liquidity rules for banks, known as Basel III, were enacted by international regulators in 2010 in a move to help protect the world’s economy after the worst worldwide financial crisis in decades. Basel III regulations, which need to be implemented by 2019, require some banks to hold more capital.

To contact the reporter on this story: Gabi Thesing in London at gthesing@bloomberg.net

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


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