BERLIN (MNI) – Bundesbank President Axel Weber is supporting German
banks in their opposition of a complete and uncontrolled disclosure of
stress tests, German business daily Financial Times Deutschland (FTD)
reported Thursday citing sources.
At a meeting with the 16 largest German banks on Wednesday in
Frankfurt, the Bundesbank President had largely backed the banking
industry in their rejection, the paper wrote. “Thank God that we have
Weber,” the paper cited a participant of the meeting.
Weber promoted the partial release of stress test results. Yet, he
opposed the plan to let the European association of financial
supervisors CEBS decide alone how much of the stress tests will be
released, FTD said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$G$$$,M$X$$$,M$$EC$]
