FRANKFURT (MNI) – The German government is planing forced bank
recapitalization via its bank rescue fund Soffin should banks fail to
secure enough capital independently, German daily Handelsblatt reported
Wednesday, citing a draft law.
The draft law envisions that should a bank be unable to boost its
capital and fail to seek aid from Soffin, German banking supervisor
Bafin can force it to accept state aid, the report said.
— Frankfurt newsroom: +49-69-720142; email: frankfurt@marketnews.com
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