Top
New York  London  GMT  Tokyo  Sydney 

Skeletons in The Odd Closet

By   || July 2, 2010 at 07:26 GMT
|| 1 comment || Add comment

From WSJ – A German Central Banker has commented that central banks cannot force banks under their jurisdiction to comply with demands for full transparency. The report suggests some banks seem to have dug their heels and maintained their legal right against publishing confidential data. Perhaps there may be a few more skeletons/financial problems tucked away in the European banking industry or it may be a case of pride and guarding their well-enshrined rights within German and European  banking law. I do not subscribe to WSJ but believe this is the essentail crux of the article.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

One Response to “Skeletons in The Odd Closet”

  1. ForexLive Europe Early WrapUp – Patiently Waiting | ForexLive on July 2nd, 2010 10:53 GMT

    [...] official reports some banks may decline the stress testing on legal [...]

Bottom