BASEL, Switzerland (MNI) – Following is the English translation of
the statement issued Sunday by European Central Bank Governing Council
member and Bundesbank President Axel Weber following the issuance of new
minimum capital requirements for banks:
“I am pleased that it was possible today to reach an
internationally consistent and demanding framework for the new minimum
capital requirements for banks. The gradual transitional phase will
allow all banks to fulfill the increasing minimum capital and liquidity
requirements. The special nature of German financial institutions, which
are not stock corporations, are also appropriately taken into account.”
–Frankfurt bureau tel.: +49-69-720142. Email: frankfurt@marketnews.com
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